DAIRY INDUSTRY

Stratford Evening Post, Volume XXXIX, Issue 98, 30 August 1923, Page 5

DAIRY INDUSTRY

QUESTION OF CONTROL. NEW FINANCE SCHEME. Masterton, August 29. The campaign of the D(a|gy Farmers’ Union to prepare for the referendum in November on the Dairy Produce Control Bill opened at Masterton to-day; when a meeting of dairy farmers was addressed by Mr Fear (Dominion organiser). Mr Pear stated that it was proposed to establish freezing works in Manchester capable of carrying a year’s supply, thereby ensuring a monthly supply of butter and cheese at a uniform price. Finance was suggested as a difficulty to Mrnu- ! ers’ Union was suggesting a cooperative dairy farmers’ bank with a capital of £10,000,000, guaranteed by the State. As a safeguard to the bank or l-3d per lb. sinking fund would he paid in and it would hare the guarantee of the country’s produce behind it. Business men were becoming interested and had offered to work through the bank and pay in their drafts for goods purcha?*ed in London. Th© Board controlling tie bank’s finances in London would then be cabled to pay direct to the merchant for goods purchased, thereby saving the huge exchange between Britain and the Dominion and working up a reserve fund for the bank.

On the motion of Mr B. Roberts (president of the Wairarapa branch) ‘it was decided ; ‘‘That this meeting of dairy farmers representing Mastorton and surrounding district* pledges itself to work and vote for dairy control between now and the referendum.’’