FREEZING INDUSTRY
THE AMERICAN LICENSE QUESTION., - Per Press Association.
WELLINGTON, August 17.I 7 . The Wellington Meat Export Company declared a dividend of 10 per cent for mo year (including 2- per cent bonus)' and added. £I3,UuU to reserves. The. chairman, Mr Clias. Elgar, said the Government., the banks, and the freezing companies were niakiug arrangements to finance the next season's business, but the real problem was the sale of the produce. He regretted that the preseut state of the trade was being used as a lever to let in big American packers. . He denied that America offered an unlimited market for our meat America would -take New Zealand lamb; but London could deal with all our lamb. The accainula ted stocks at Home were mostly mutton and beef. No practical benefit could be obtained by allowing the American stock buying organisations to obtain a footing in New Zealand. There were plenty of freezing works in New Zealand now to deal with a year's output in two months, if they were kept fully employed. The suggestion that use could be made of the American monopoly in this respect was mentioned. "It is one tiling to make use of a monopoly, and quite another thing to have it make use of you." There was of course no objection to auy company buying from the freezing works, and by selling c.i.f. as in the past producers would be benefitting themselves, but to give a monopoly the license asked for would only mean having more machinery and plant prol vided in a direction that was already i overdone.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THD19200818.2.38
Bibliographic details
Timaru Herald, Issue 170299, 18 August 1920, Page 7
Word Count
264FREEZING INDUSTRY Timaru Herald, Issue 170299, 18 August 1920, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Timaru Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.