Page 11 Advertisements Column 2

Taranaki Daily News, 17 June 1933, Page 11

IS THERE A A SHIPPING f TRUST . THE N. Z. Overseas Ship Owners have published a reply to our open letter, and this reply is headed “Important Statement.” To the public the importance of this statement lies in the claim of the three Shipping 1 Companies to arrogate to themselves the right to say what companies shall be allowed to participate in the New Zealand trade. They state that our application for a share of that trade was so refused because the lines do not see why they should be expected to give up a share of the trade which they have built up and developed. Fortunately, the Control Boards are not likely to submit to the dictation of the Shipping Companies in this matter. If the N.Z. Overseas Ship Owners desire to retain the trade, surely they should be prepared to do so, not by the exercise of monopoly, but by the successful application of their experience and equipment, against the experience and equipment of other companies. They state secondly: “The producers of New Zealand insisted, as a condition of the contract, on the Shipping Companies undertaking to refrain from entering into any competition with Merchants.” \ This will be news to the vast majority of producers in New Zealand. If they mean the Control Boards insisted on this condition, will they publish the clauses? The only condition of this nature that we know of is clause (26) of the Meat Board’s Contract, which reads:— . , , ... ‘ “That the Shipping Companies agree that they will not directly or indirectly purchase or become in any way directly or indirectly interested in the purchase! of sheep, lambs, cattle Or the’ meat thereof in the Dominion.” Have none of the three Shipping l Companies or the Companies that control them or are allied with them, any shares, debentures or interests in any Freezing Company? Have they overlooked the shareholding by the Commonwealth & Dominion Line of 2598 shares in the N.Z. Refrigerating Company and the holding by the N.Z. Shipping Company of 18,000 shares in the Southland Frozen Meat Company? Our open letter to the public of New Zealand contains a clear offer to set up and work with a local Advisory Board; a promise to assist, to the utmost of our ability, the development of the chilled beef trade, a business in. which we have had long and unique experience and for which our ships are specially fitted; and last, but not least, a. promise to reduce both inward and outward freights. The excellence of pur boats is admitted, even by the opposition shipping lines, and in order to meet all contingencies we have advised the respective Control Boards that, if they desire it, we are prepared to take up a larger proportion of the trade than the one-tenth for which we originally applied. No attempt has been made by the three signatory Shipping Companies or by the British Maritime Trust, or by the White Star Line, or the Furness Withy Company, or whatever line is at present controlling the Shaw Savill Company; by the C. & D. Line, or by the Cunard Company which controls it, or by the New Zealand Shipping Company or the P. & O. Company which controls it, to justify their present rate of freights. They have assumed that the public requites no answer to these questions if they are told that our Line is controlled by Vestey Bros. Perhaps they think the producer will forget the important question of freights if sufficiently diverted with extracts from Sir Edmund Vestey’s speeches and pamphlets. BLUE STAR LINE

One of your most valuable bequests! Aft«r , lifetime h U beee spent In Tt U « » ebfe to show aeeumuletlngen Estste tor the pro- 's® er “ttlentent; reduees dea h teetlon ot dependents, It Is a wise det,, or how the saentlee of assets to precaution to appoint the Guardian meet these dut.es may be avoided. Trust as your Trustee and Executor. Clients' may discuss their affairs m You then bequeath the absolute privacy and with 1 , greatest freedom, as all exbus nets experience, col- d( Coardl „ leetive .udgment, and Trust are under a bond of financial security of an organisation administering -recy. iiaooo.ooo. Acor, available and dial invitation is extended many, a tesUto!'W glad » to all about to revise or make a Will, know that here is a Trustee Who is for a confidential discussion with the always accessible and is always ready Manager A few minutes talk may be to offer help ahd guidance to depen. the means of effecting considerable dents. Please feel free to call upon us savings for your Estate. The Guardian at any. time convenient to yoUtSelf. The GUARDIAN TRUST & Executors Company of New Zealand Ltd. (Incorporated by Spttidl Att of Parliament, iSSj) SOUTH BRITISH INSURANCE CO., LTD., Brou«h»m Street. New PtymdUth. Branches aad AgenciM throughout the Dominion.