NEW FREEZING COMPANY

Dominion, Volume 7, Issue 2177, 17 June 1914, Page 9

NEW FREEZING COMPANY

' His abridged prospectus of the Oroua and West Coast Meat and Produce Company, Limited, appears in our business columns this morning. 'Jhe company js being, formed with a capiinn nl In £1 shares, of which 100,000 are offered for subscription, and the project is receiving the hearty support of the farmers in the district.' l'eilding fo> several years.has proved itself one of the largest stock cehtres in the Dominion, and is one of the largest, if- not the largest, trucking staI tions fpr fat stock in New Zealand) therefore proving its adaptability, in its central position, to have its own ! freezing works artel" cool storage accommodation to meet the • demands of the district. The direct loss to the farmers in having to send their stock out of the district to he dealt'with, instead of having freezing works of t-lieir own, is enormous. , In shrinkago of weight alone, this amounts to, approximately, one .shilling per head, to say nothing 'of loss in value through depreciation cauficfl-jn. trucking!.; Farmers.lairo-aware-:-of -tlio .-existing ; trucks to : consign their'live fats to freezing works out of the district, and many have -.exoerienced' heavy losses in having to liold their stock until trucking accommodation is available.' Three times tho number of frozen carcasses can be railed away, per truck, as'against til at number alive. It is hardly necessary to point out the very large saving to ,the farming-community in not having to paV freights in procuring manures from other centres, as is tlio casn nt present. The works are to bo erected on tTie banks of the Oroua River, about a half-mile from Feilding. on the I Palmerston sido. The works will he a 6 complete and as convenient as it is possible to make them, with tlio experience now possessed, and' tlio central situation will afford a certain amount of encouragement to tlio farmers of the district to go in for fattening to a greater extent, and with the very satisfactory prices ruling, many farmers - will find it more'profitable to abandon dairying for fattening. The opening up of the Panama Canal is bound to have a decidedly good effect by providing additional markets, and' already American buyers • are • operating very largely in New. Zealand. The initial capacity of the works is to be equal to dealing ■ witli' 2000 slieop per day. About 25 of tho .principal farmers in the district havo undertaken Ito subscribe for 5650 shares. It is 'proposed not to call up more than 10s. per.share at present, and of .thijs 2s. 6d. is payable j on application at 2s. 6d. on allotment. : The provisional directorate is a strong one. . ■