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Sun (Auckland), Volume I, Issue 164, 1 October 1927, Page 25 (Supplement)

Futura of Lamb Industry. —What do K>u think of the future of the lamb industry? was a question put to Mr. -I* S. Balderstone, manager of Thomas Bor th wick and Sons, by a Royal CoininiJMion sitting in Melbourne, to which *-«* answered, "In the market for lambs there is every likelihood of better prices for the producer for a number of seaJ ons - I found a good, steady demand tor lambs in England. 1 think 'that demand will continue. Lamb lends it*eir to freezing better than beef or mutton.” Witness \Vas asked: Do 3'ou think the co-operative companies

should go out of existence? —I will say that on account of the creation of the co-operative comtgsipies there is not the same economical Wowing in Victoria as formerly'. There isftoo much capital invested in meat works. Interest and depreciation costs have to come out of the profits to the grower. Mr. Baldeirstone said he did not think the State should advance money to companies to engage in a highly speculative business. In New Zealand the co-operative comparies were successful while they treated their own stock, but when they entered the speculative side of the business they failed.