CANTERBURY FROZEN MEAT COMPANY.

Ashburton Guardian, Volume VII, Issue 1864, 11 June 1888, Page 2

CANTERBURY FROZEN MEAT COMPANY.

A meeting of thin Company was held at Ohristohuroh on Saturday, Mr John Grljjg presiding: The Chairman explained that the mooting had been called to ooneider tha question of frozen meat freights, and he moved " That with a view i.o obtaining a moderate b apply of freight for a fixed period, the Directors be Instructed to obtain guarantees from stookowners to supply stock op to 180,000 sheep per annum foi freer-lag nnd shipping during the years 1889 «nd 1890, at a rate o{ freight not- exceeding one penny per poand j and that the Directors be accordingly authorised to engage freight for up to 180,000 sheen par annum for tho years 18F9 and 1890, at a rate of freight not exceeding one penny In the pound ; it being left to their discretion what portion of the Bald number of sheep they will require to be guaranteed by stonkowners before they make any oontraoto." He explained that no other arrangements had been proposed for the remainder of this year, as their present engagements would cover that period. He considered that a highly remunerative trade would follow the proposed alteration, and that the output from Canterbury would soon reach half a million sheep per annum. He thought the news In the telegraphic columns of the papers relating to the re-election of President Cleveland was very satisfactory to sheep farmers. Sir John Hall seconded the motion. He was glad to know that the Directors did not propose to make .a contract with ono Shipping Company only, and thought the Companies might oarry meat at f d per Ib, The ret o'ution was carried unanimously. The Ohalrmtn stated that the arrangements made with the Shaw, Savill Company oompared favorably with those made with the Tyaor Company, who oontraoted to oarry at current rates. For himself he did not insure anything under £2000 m any of tho Shaw, Savllle boats, but he insured fully m the Tyser boats, not because ha had no faith In them, but booauae the Company was new to the work, He pointed out that the Tyaer boats came out with the best results, If ahareholdorn looked over the list of ships that arrived at Home with meat, they would ti ee that the meat In the Tysi>r boat? all arrived m good condition, with tho exception of that m tho as. Solembrla, which vessel had had a firo m her coal bunkers on hor last voyage. Several vessels of other companies had had their cargoes marked bad. The Tyser Company were bound to Inouro at tho same rate as other companies. Mr Acton-Adams said that with the freight at a penny, it would round off exponaoa to ahocp-farmors to 2d, which he thought would pay them well. The Chairman pointed out the necessity for the sheep-farmers entering Into the guarantee for the sheep required. He would pat his own nam9 down for 20,000 cheep. Mr John Oooko panted out that the more Blieep put through the Belfast works would enablo them to do the work at less expense, and he would go so far 8.8 to any that It would bo possible m a short time to reduce tho rate of froez'ng to Jd per Ib. Tho Chairman moved, aad Mr John Cooko ueoondr d—''Th»t should the Directors fall m their negotiation the resolution Brat paesod shall not preolvde them from making freight engagements from time' to time, at shorter periods, as may be naoeasary for the business of the Company, »t tho boat rotes of freight obtainable." Tue guarantee for the supply of sheep for two years was signed by about half a 1< «an sheap-farmors present. The numler guaranteed then amounted to 6^,000. ■