DAIRY POOL COMPANY.

Star (Christchurch), Issue 16736, 18 May 1922, Page 8

DAIRY POOL COMPANY.

WELLINGTON CONFERENCE. [Per Press Association.J WELLINGTON, May IS. A conference of representatives of co-operative dairy companies of tho Dominion opened to-day. The object is to consider the best means to deal with the disposal and export of dairy produce. It is proposed to form a company with a capital of £1,000.000, to be owned and directed by the dairy companies and to be aided by special legislation and supported by State financial backing. The directors are to be elected by the shareholders, and tho chairman is to be a commercial man appointed by the Government. The directors are to appoint a board in London, which will have power to control prices and regulate supplies. The Government is to legislate regarding marking and marketing. All export of dairy produce is compulsory through the company. The Govern niont has power to make levies not exceeding Id per pound on butter, id on cheese. The shares are to be issued to manufacturers in proportion to their total export. SOUTHERN DELEGATES DISAPPROVE. Tho South Island delegates expressed disapproval of the scheme in face of the lack of details. They said they had not forgotten the marketing commission. the burden of which was left to the South to carry. The delegates had no authority to give away the South Island’s “ birthright.” After considerable discussion a motion by Mr Baker (Papatawa) was carried : “That this meeting, being thoroughly representative of the dairying industry of the. Dominion, expresses its entire approval of the proposal to set up a. compulsory organisation to effectually control the handling, distributing and marketing of out* export of dairy produce.” After further discussion it was resolved that the nominal capital of, the company be £250,000. An amendment that the capital be £1.000,000 was abandoned.

* CAPITAL OF £250,000,