The Feilding Star. SATURDAY, JULY 22, 1882. THE FROZEN MEAT TRADE.

Feilding Star, Volume III, Issue 11, 22 July 1882, Page 2

The Feilding Star. SATURDAY, JULY 22, 1882. THE FROZEN MEAT TRADE.

■♦ ' * — • — One of the first benefits the colony wili derive from the development of the frozen tnerft trade 'will' be the increase of confidence given to the New Zealand bond- holders in! Kng-; land, in the security offered by the colon}' as a place of investment for capital. It will also be a means of attras'tsfc& ' fe^peHeuced; English . stock ■ fanners co our shores, who will bring sufficient capital to make anjmmediate commencement in stock-raising, to enable tlietn to share iu the profits that will lie ready at their hands in return for a moderate outlay of capita 1 The presence 'of Miese new aien will i be an incentive to our easy-^oing , farmers to put forth their, best.ener- '• pies to compete with the new-comers, and inducing a competition that c m 1 only end in the common good. 'Jhe^ ; waste lands of 'tho \Colony. will be'; j rapidly taken up, ami brought under ' the plough whore, practicable ; while {large sheep runs will le raided to their highest stock-carrying capacity by a system of paddockin.if, which has hitherto only obtained in very exceptional cises, chiefly from the want of capital or fron. 100 much land beingheld by owiii rs or, lessees, when a smaller larm would have been more profitably worked by the capital employed Large sumV of rhdney now lying in the coffers of the various banking institutions at Jow rates of interest will be released and put to more profitable use, by being invested in the mortgage of property or in cattle and sheep, which will now doubtless be a favorite mod,e of spec ulation. This movement wotild'notbe I discouraged by the banks, as it would i be a certain cause of' increase of all kinds of business, and of consequent profit to them. The shipment of frbz'en meat will also necessitate the employment of a greater number of vessels of larger tonnage thau the average traders to trie colony, and this will enable many hii dreds of passengers, able .and willing to pay their own passages out, to come and settle without Government aid of any kifld.. Freight of, all kinds will be cheaper, because shipowners will be certain of a ! fall cargo both out and Home, which has not always been the case in the pa- 1. We also confidently expect a reduction in. the cost, to the consumer of all Kpgjish goods imported. Ihe value of our exports will soop be. gf eater thftn our import.*, and the' gold ot England Will soon be coming to enrich INew Zealand, iu . place of that of New Zealand filling the ceffers of England, when we will be able thoroughly to the mineral Vealthf ifth'e conn try, Which' is now known to be almost unlimited. While advocating the cultivation of this new trade, we do, not wish it to be understood that we would recommend land that could be harvested for wheat and oats is to be t'ken from fchi% use aud devoted to the raising olitock. ' Such is far' from our inten tton, inasmuch as we believe the gro'th ot grain is ot equal, if not uf 'rrea'er, importance f/> us as a whole than stockraising in itse : f. We w.uuld_ urgt: that the two should be so combined us to cause a positive success in both cases, or at least so manatrn matters thai the success of one would positively insure ayainst any loss by ihe second, by disease among th • stock or bad crops from the grain We wil conclu le this article by conratnlarinir the seirlers of the Manawaru no the now srimn'us now given r<» them Jo persevere ir» the gooJ w ck, r.|ie.y(b«ye bMuus. — >f making i he t^rnie vwlle^Y the •VljiiimwuUj one of I the rich e&tii&jiiie CoUtuy.