The Feilding Star. SATURDAY. JUNE 3. 1893. A Change

Feilding Star, Volume XIV, Issue 148, 3 June 1893, Page 2

The Feilding Star. SATURDAY. JUNE 3. 1893. A Change

» It is an interesting fact that when people are helping themselves, and developing industries solely by their own unaided efforts, lots of outsido assistance is theu prof erred. In this connection, wo note that a movement has been made in Wanganui, by the New Zealand Loan and Mercantile Agency Company, which, if made sooner, would have done an immense amount of good, and may even yet, although late in the day, lead to something advantageous to dairy farmers. We are indebted to a contemporary for the information that the represen- , tative of the company in that town recently informed a mooting of settlers that they were prepared to erect all the necessary buildings, properly fitted up, for the manufacture of butter, the central factory being in Wanganui, and the contributing creameries in outlying districts, without asking farmers to contribute a penny to the cost. The company undertook to provide the whole of the capital necessary. They would open a separate set of books, and keep the butter business entirely separate from their other transactions, and at the end of each year a balance sheet would be struck, and, after deducting interest on capital expended, together with a certain sum for depreciation of buildings and plant, the whole of the profits would be divided among the milk suppliers pro rata. This profit, of course, would be in addition to a fixed sum per gallon at the end of each i month, or other period to be agreed upon, for milk supplied. The proj posal was very favorably received, and canvassers were appointed to i carry out the proposals. The offer 1 is undoubtedly an exceeding favorable I one, and should greatly promote the ! development of the dairy industry in ! the district referred to. The company | in question is a powerful corporation, and at the same time, one of the most > successful in the colonies. It is well- ] managed, and all its dealings with i farmers and settlors have invariably j been characterised by the most perfect I lonti fides and liberality, thoreforo, if their proposal is adopted, and thej' are mot in the same spirit by tho farmers, mutual profit and benefit must naturally follow. It is a marked comment on tho change which has taken place in the condition of sheep and dairy farmers in the colony, that they aro now in a position to strike out new courses for themselves, by establishing factories for freezing thoir own moat, and making their own butter, etc. ; when in the old days, aot so long 1 ago but what they are green in our memories, such action on their part would have been thought as presumptuous as it was impossible. It must be considered as complimentary to them that co great a comoany as that now mentioned, should have, to all intonts and purposes, followed those whom before they were wont to lead. ______________