THE NEW FREEZING COMPANY.

Gisborne Times, Volume XLV, Issue 3985, 19 July 1915, Page 2

THE NEW FREEZING COMPANY.

FIRST MEETING OF DIRECTORS. MR. W. D. LYSNAR ELECTED CHAIRMAN. Works -to.be in operation by ' DEOEMB ER 1 N EXT. The directoof the Poverty Bay Farmers’ Meat Company, Ltd., hold their first meeting after the final cooperation of. the company on/'Saturday after noon; when, there* wore present Messrs. W. D. Lysnar, My. Williams, E. Richardson, J. It. Murphy, Geo. Witters, Geo. Coop. E. J. Williams, F. Pal’ullo, J W. Park. r, . j . C. Field, and L. 11. Tulloek. hurt nor shar-eis- to tiie extent- ivf £2OOO were allotted, making a total of £32,000 to date. At the meeting a very great number ol : matters were dealt with, the meeting lasting from noon until after o o’clock. Mr. VV> D. Lysnar was -elected...cnairman of the hoard of directors for the ensuing year.. . A report was received Item All. «J. Coilev on the progress of the works already started, lie stated that the cook-house and men’s quarters would l>,-v finished at the beginning of tins week. An office and lm.ck-xmitli’.s shop had been completed. 1 lie ti aniline for haulage «f gravel from the river lied to the site had also been completed, and tills would enable the foundations of the main building to he started next week. Ho also reported'that two tests for water had been put down with very .satislae.ory results. In one position there was a strong flow of water in a gravel bed at 22ft., and at another point a test was made which showed a good flow in gravel formation at 23ft. TENDERS.

A report was received lrom Mr. L. G. James, whom the directors were sorry to hear had to. go under an operation for appendicitis on lutsday week last, ince mt-riia* i- " u.m lor the time being, and lie stated taut as soon as he. was ire-cover, d. lit would )>av Gisborne a visit t > go mto further details regarding the buddings with the directors. ' , ~ 'I ho particulars supplied by Ajl. James snowed that the. following tenders laid been accepted:— One freezer, with engine and produce n-gas plant, to be erected anti m runniim order by November 21 next, J J. Riven and Co., Napier. Hns plant will ho manufactured, m the .Dominion, and will, therefore, not. he subject to shipping or war difficulties. duo chill-room compressor, delivered and erected, R. B. Grange, Vv e - lington, representative in New Aeal- ... tor ihe- Vcitar Company ol U.S.A. . , , T Gas engine, 150-b.li.p., J. ChamAimilur freezer. A. and T. Burt. ()-!.. r tenders had been accepted as follows -Digesters, Andersons, Ltd. can-making plant, J. Chambers: hydro extractors, wool drier, wool lans, and ammonia piping, J. J. Niven and Co.; pumps, J. Chambers; pumps and electric generators and meters. Chambers. All these are to he available and erected bv December .1 next. R. Robb’s tender for Milburn Gold Medal cement- was accepted, and the tenders regarding the roofing am! material lor insulation wore, also dealt with and accepted. Regarding the ammonia piping, a tender for £11,361 6s Gd. for sufficient piping to provide a maximum slot age io-r ill,ooo sheep was accepted, hut the directors were reserving the right not to instal the whole, pending their knowledge as to .what support the farmers of the district will provide, as it is considered that- in order to warrant the directors in having the full freezing capacity equipped, another 3000 shares would require to bo placed. The directors iully realise that the maximum storage will be required next season, as it is admitted bv the Government and others that there will bo a greater scarcitv <>> ships next season than has hern experienced this season. The directors, therefore,, considered it wise to order the piping and have it on hand, -as it has to come from England. 11 ilO pruning knife has to be ajiplud, me director.si considered it wisest to economise in the storage capacity, while providing all the other departments with machinery capable of handling up to! a total capacity of 111,000 carcases. It- was decided to refer to the- lmance committee the- question ris to wliat extent the present finances warranted the directors going in the matter of storage capacity, and before deciding the committee- is to make a special effort to see wliat further shares can be definitely placed. The finance committee were also instructed to consider and, bring forward a scheme for adoption by the directors which will provide wavs and moans to enable'the directors to make' "a definite statement- to the shareho.dvrs as t-o the .Board’s policy so .as to ensure- a substantial dividend, bemg pa.i<l upon, all subscribed, capital *. feeling of the directors being that in «o«r of Hie very large proht which freezing works are making tlnoughout the Dominion, something more than an ordinary rate of interest should be paid to all those who sub-, scribe capital for the construction ol an imoortant work of this kind. The: finance committee was further <lirected to bring forward a scheme that will provide a definite basis upon which the space in the works shall, be allotted in the event of there bemg an acute shortage of space next year, with the idea of absolutely securing all space; available for shareholders before non-shareholders are allowed to participate, and that each shareholder shall be allotted space m proportion to the shares he holds, and not according to his sheep or the-space he requires. Thus, if a man holds 100 shares he will be entitled to ten times as much space a.s a man who only holds tin to invite the public to attend an official function on the i.round on Thursday, July. “23, w hen it Ts expected- Dho foundation-stone o the main building will he hud, and when shareholders and odiets vvill have a olia-hoe of having explained to them the extent and scope; ol the works upon the ground. - . Mr. Lysnar stated that the stationmaster at Gisborne had gone into tlie matter of t-hc.necessity supply of insulated trucks with the Departmen - in Wellington, and lie stated that these would he available by De< emMessrs. Lysnar and Field, who were in Wellington last week, stated tna , in company with « representative lrom Mr. James’ office, they went over the Gear Company’s freezing works m Be tone, Wellington,, winch are considered to be one of the Rost in the Dominion t-o see the working ol ceitain phases of those works, as compared to what was being installed m the company’s now works. Ihey made the visit in order to inquire into suggestions' made by the secretary of the Gisborne Slaughtermen s Union. I hoy •reported' that the result of their inspection and inquiries showed A-lie suggestions were all practical am useful, and it had been decided; to adopt those not already included m the new plans. _____