COMPANY WINDING UP

Te Awamutu Courier, Volume 54, Issue 3868, 19 February 1937, Page 7

COMPANY WINDING UP

AMALGAMATED DAIRIES, LTD. THE FUTURE-POSITION. As the result of a decision reached at a special meeting held recently, Amalgamated Dairies, Limited, is to be wound up voluntarily, thus ending activities which have been carried on for the last ten years for the purpose of marketing New Zealand dairy produce in England, into which field the New Zealand Government recently entered. The company was established in 1927 with a view to regulating supplies of dairy produce on the London market and to selling the produce at the best available prices against organised buying. Amalgamated Dairies, Limited, was set up by the New Zealand Co-opera-tive Dairy Company, Limited, after compulsory dairy, control had failed, in order to bring about a practical realisation. of orderly marketing so far as the produce of the New Zealand Co-operative Dairy Company, and of any other dairy company that cared to come into the scheme, was concerned. The arrangement between the two companies was a service one, having for its object the furtherance of the interests of the producers. MR GOODFELLOW EXPLAINS. An intimation that the voluntarywinding up of Amalgamated Dairies, Limited, did not mean that the company was staying out of business, but that it had simply been reorganised to meet the altered situation created by the Government purchasing all butter and cheese exported from New Zealand, was made by the managing director, Mr W. Goodfellow, in an interview last evening. Mr Goodfellow said that the old company had been put into liquidation and a new company formed with the same name, capital, directors, shareholders, and staff, but with a memorandum and articles of association suitable to the export conditions now existing. MARKETING OF PRODUCE. In the United Kingdom the company had received from the Marketing Department an allocation of butter and cheese equivalent to the volume previously handled. The whole of this produce was now sold direct to the trade on behalf of the Government by both Amalgamated Dairies and Empire Dairies, in which latter company Amalgamated Dairies had a 50 per cent interest. In addition to London, other branches had been established at Bristol, Cardiff, Birmingham, Newcastle, Liverpool, Manchester, and Glasgow. The company’s salesmen, actively and continuously pushing the sales at all these centres, had undoubtedly- assisted in popularising New Zealand dairy produce throughout the United Kingdom. The annual turnover of Empire Dairies now exceeded £6,000,000 sterling.

In addition to the control of policy matters the head office of Amalgamated Dairies in Auckland now marketed dairy produce on commission for the Government through the company’s agents in Central Amterica, throughout the Pacific and the Orient, and also in the United States and Canada, Mr Goodfellow added.