THE MEAT TRUST.

Poverty Bay Herald, Volume XLVI, Issue 14985, 12 August 1919, Page 6

THE MEAT TRUST.

MENACE IN NEW ZEALAND. At the annual meeting of the Wellington Farmers' Meat Company, Mr. J. C. Cooper, managing director, had something to say about the Meat Trust. "It has been suggested- by some of our shareholders," said Mr. Cooper, "that the time has arrived when the company should increase its dividend m common with other farmers' companies and institutions to, say, 7£ per cent. The Board of Directors feel, however, that i a wiser policy for the company is to continue to consolidate its business by the establishment of new and profitable subsidiary industries, particularly as wo fiaye the menace of. the Meat Trust always before our minds, and the position m this respect has been further accentuated by the recent purchase of Vestey'3, who have bought out Nelson Brothers' fat.eresfc m the -Hawke's Bay district. It BMisfc be remembered thai any profits <earned by the Meat Trust m this country ar« withdrnwa to the United States o? other foreign countries, a bleeding process which must lead more or less to the impoverishment of the Dominion, whereas the profits of such companies as our own nre spent m tho country, and are helping to develop and build up its Industrie* and resouroee." '