The N.I. Bacon Curing Company.

Manawatu Standard, Volume XLI, Issue 8196, 24 May 1906, Page 2

The N.I. Bacon Curing Company.

(To the Editor), Siii. —As :i Director of the North Island Milu Cure Bacon Company, I have rem! with interest in this evening's paper tfie report of an interview by your representative' with Mr J. D. Anderson, late managing director of the Company. While I concur with the greater part of what Mr Anderson has said, still there are one or two statements which either your representative has misunderstood or Mr Anderson's memory has played him false, and these statements if allowed to go unchallenged are likely to create a wrong impression among the shareholders and those who were willing to further assist the Company. In regard to erecting modern works in Pulmcrstou North, Mr Anderson is reported to have said: " Unfortunately vested interests m Woodville proved too strong to allow of the matter being pushed to completion, notwithstanding that the shares were subscribed for and that financial arrangemeiits had been made to carry out the work." Now, Sir, this: statement is very misleading. \ estcd interests in "Woodville had nothing to do with it. All the directors were of opinion that if it were practicable up-to-date t works should be erectcd on this side of ! the range, and a motion was recorded in the Company's minute book, us nearly as I can recollect, to thia effect: '-That if £5000 worth of new shares are subscribed for, then the Company shall proceed to erect new works in or adjacent to Palmers ton North," The directors, in order to t>bew their bona fides in the matter, with one or two exceptions, all put their names down for fresh shares, in order to carry ou£ the project, and also went so far as to pay a deposit on a piece of land, which they considered eminently suited for a site for a new factory. Unfortunately, only about hall of the shares were subscribed for, and, as suitable financial arrangements could not bo made, the Board of Directors felt -they wero not justified in going on, and were reluctantly compelled to give up the idea. It is quite truo that the business people of JPalmeraton North fc>ok up shares freely, and! if the dairy farmers ali round the district, who are chiefly interested, had supported the project half a« loyally as the townspeople did, thea a now modern factory would have been »n our midst at ibe present time. Thanking you for inserting thia letter, —I am, etc., T. R. Hodokk,