THE DAIRY POOL.

Waipa Post, Volume XX, Issue 1244, 18 May 1922, Page 4

THE DAIRY POOL.

CONFERENCE PROCEEDING,

By Telegraph. Press Association. WELLINGTON, This Day. A" conference' of representatives of co-operative dairy companies of New Zealand opened to-day. The object is to consider the best means to deal with the disposal of exported dairy produce. It is proposed to form, a company with a capital of £1,000,000, owned and directed by the dairy companies, aided by special legislation, and supported by State financial backing. It is proposed that the directors shall be elected by the shareholders; 'the'chairman 'to be a commercial man appointed by the Government; the directors to appoint a board in London which will have power to control prices and regulate supplies; the Government to legislate in the direction of making marketing of all export dairy produce compulsory through the company, and giving it power to make levies not exceeding Id per pound on butter and |d per pound on cheese; the shares to be issued to manufacturers in proportion to their total export. After discussion it was resolved that the nominal capital of the company be £250,000, the proposal for £1,000,000 being abandoned.