CO-OPERATIVE MEAT FREEZING.

Dominion, Volume 3, Issue 828, 28 May 1910, Page 8

CO-OPERATIVE MEAT FREEZING.

CLUTHA PROPOSAL.

The resolution of tho Wellington Farmers' Union Conference in favour of the establishment of co-operative meat-, freezing works lends an interest to the following calculations which have been made by tho Chitha "Leader" in connection with a Bulclutha proposal to be ventilated at a public meeting shortly :— "We have gone into tho question of the number of farmers in a district, the rough outer limits of which are bounded by North Waugaloa, Oriental, Waitahuna West, part of Taupeka West, Clydevale, Pomahaka, Waiwera, and Catlin's Paver, and we find," says the "Leader," "there are nearly 1000, say. to be well within the mark, 800. Is it too much to ask tha;t these 800 farmers alone take an average of £25 of shares each? Surely not! If they do' this wo have £20,000 from these alono. We should say that if-the thing is going to go ahead at all every farmer in the district would take a minimum of £25 in shares, and if' we stick to this minimum, which wo do not think too sanguine, wo should say the farmers' subscription should total £30,000. Called up to only one-half this in itself would put the project upon a financial basis. But even if the farmers did not subscribe to the extent

we have mentioned —if they only subscribed up to £20,000—w0 have full confidence in saying that the subscriptions outside the farmers' will be sufficient to put the project upon a financial . footing. As a minimum we believe the concern can be worked on a basis of nominal capital £50,000, subscribed £25,000, called up £12,500. But while this is so .it is advisable that subscriptions should be larger than the figures mentioned."