CORRESPONDENCE.

Timaru Herald, Volume XXXIX, Issue 2770, 9 August 1883, Page 3

CORRESPONDENCE.

THE PROPOSED FREEZING COMPAN?. TO THE EDITOB OP THE TISIiBtT HERALD. Sip., — Ac a email farmer, and ore who has got some little stake m the country, I Bhall be glad to be enlightened as to the principles upon which the Meat Freezing Co. will be worked. I received a prospectus for the second ChristchurcU Company, but took no shares as that city has been bolstered up quite long enough, to the less of our district, and by produce that ouaht to hare gono through a portof our own. The Bolfast Company allocated shares m lirge numbers, and according to the number of shares possessed, bo had you the richt to ship sheep. Now a few large landed proprietors held largo numbers of shares, and as there were few vesse's, and about 60C0 Bheep being the average cargo, ono of these men could load (lie vessel, oud the few large shareholders had the affiir m their own hands. A great many who took shares timply could Bend nothing thatwoull benefit them, consequently rendering their few phures useless, further than it might bo doing pood, as tho more Bheep tjkon from tho district will have a tendency to harden stock m Ibo country. Through this evil ro3e an opposition company to assist farmers und smaller holders. Now lam just wondering whether euch iB to be the Btate of affairs m Timaru, and do not mean to throw my money away m assisting largo holders to ship their sheep, when if Buch is the state of affair?, wo shall perhaps have an opposition company to set afloat and assist all proprietors of wlia'ever rxtent. If m the event of ships not being ablo to tske all the sheep ready for tho first cargo, sb.iiva should either be limited or ehipj allocated to the number of shareholders m equal rati}, and should a giod many not require to ship, then it would fall upon those who had moro cheep to ttep m ar.d load the vessel. I am afraid this is one cf tho affairs m which wealth will have the preponderance. But when we get ihe port properly established and more direct vessels, cos petition will effect the only remedy, and as tho affair is such a direct boon to nil etockowners, it is worthy of support by all thofe who hme an interest m the town and iv tbe country. I am, Ice, William J. Newtoh.