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Lyttelton Times, Volume X, Issue 602, 11 August 1858, Page 6

To.Hie Editor of the Lyttelton Times. \ Sir,—ln your local intelligence of Saturday \ last, you called the"attention of the inhabitants of Lyttelton to the subject of the charges made by the butchers for their meat. It is a subject , that concerns every one and requires an imme- ,' .diate remedy. The suggestion for the consumers to unite and form a company is quite feasible, '-and-, will pay its shareholders at least 50 per j -cent, on their investment, besides the saving to ; 'be effected ■'. by the reduction of the price, which ; 'to some householders would amount to a large :■ sum. Suppose for instance £500 be raised in . SO 'shares of £10 each, and a competent person !' .-ortpointediis manager ,to conduct the business on i • ' *

certain principles to be laid down for his guidance. The annual expenses of carrying on such an establishment would be as follows: — Salary to Manager .£2OO Do. Four men and one boy 520 Kent 50 Cartage & other incidental expenses 200 Losses from spoiled meat in summer 50 Total £1,020 I Now, supposing there are 1000 inhabitants including the shipping, who eat on an average one, pound of meat per day, equal to 364,000 poundsper annum; let the average profit amount to Id. per lis.,.and this will give £1,542 13s. 4d., leaving a balance of £522 13s. 4d. Now .this is on the supposition that the whole town are supplied by; the proposed company, but as it would perhaps, happen that not more than one half be supplied; by the company, which would diminish the pro-: fits to a proportionate extent, leaving at least 50: per cent, to each shareholder for each share he may invest in, and as the shares are at a very low figure, would give every one an opportunity of effecting a considerable saving. ; I remain yours, ; EXAMINER. ;