UNKNOWN

Taranaki Daily News, 20 July 1915, Page 7

UNKNOWN

'l'm ti> As t it' l ]'* j■' j p'Mllr ul til'.'. -liar'hoMei- < IMoi ! ' : :i . coincin'i! lor fijt l ■: o e.r-ider t"u-ad\i.-ability <>l nil tin'ir ereain<'vjr, and <ub ; --fil siting Ivuv.v, * jj iieii' are iseverai ;n . .inmviion fiiTfivitli f<> uhi.-M ; 11 1 si!; ;i| id's and •• : • n ■ (, ii"1;!•'!'s >!tw \!<l r ,v i• v• i n j jivc {•on--:di-r;ii'ion ix-ion- . rii --.Tif i;i-' to so drastic ;i and to tin l heavy expcn.-e of in-laliin.L; ;i separator and ai'iu'-Mii'it's. Our o: 1 ii■ ■ .'ir.-t is a ijiiesInin ( .l -ade. I;;.- i.iirv ei'imniissioiii'Y< all assert ll;;ii horn- pirated ere;.Jii i- ait inirs ior artiele In tnr ! ;ir{lii'y -sf'parall•* 1 -.-ivani. !.[' proof we>"e necessary Ave need Miiv lake the <jTadili.Li' ul the !il".f I'.'i'iiiilcry ImUw and (lie luvt \n\y.v Lmu"i' p-'wdueed from lio]iir->c:-«rated last \'ainuia! Hairy Show. at. v. hieh there was a dilVi roil- e of four p t ii-t-; In v.vor (i f th" i-reamery ImMrr. i v. ; ;i'!d - lM »int out Dial the cnly tiling u'liielt Is enabling us io successfully anarmarine is tlie liiiih p.Tad' l of our butter If we our 'leait. ; to a lower margarine will Mir. ]y oa-.t us I'roin oil)' present markets unless -wo are prepared to take margarine for our Witter. Atfain. I appeal to all .Miiuvjioldcrs. whether milk .suppliers ;;ot, to consider the depreciation in 'rhe \aluo o'f their shares if the even l'.o/ics are all closed down. I would also direct the milk suppliers to tlie aspect of the mutter in regard to the payment lor their butterfat if the preanii'i'ic; n•> closed down. Til liixt year's bal.uice-sliei i. after allowing for depreciation. the seven creamcries bolonglnpr to the. Moa Company shew as an a?-et ( -f X li-77 7s HM. The Waiongona. ore»ni< <y stood at €HM)7 :K Th(> chairman, at a meeting held at Waiongona a few days ago, said it' it were closed and soli! up it would not , realise £2(10. At Hie. same ratio for i the whole of nur r-rofli'rt ories our loss would he over fJrtOO. }f we wipe out practically our only assets, what is there left as security for an overdraft at the hanlc to pay nit on the '2oth of every month, if on. c is held up here for any length rif time, as it most probaldy will be bc'ure ilie coming seasou is over; Wo expect the bank to befriend ns, as for sonic reason, which, if it were thoroughly investigated. would show someone in a very bad light, 'the directors tool: most of our business a.wav from our local bank, which has always our best friend, and consigned through the Farmers' Organisation Society. in 'Oiiclusion, I trust the shareholders will bo very careful in allowing the directors when so near the annual meeting to elose any creameries, as undoubtedly there is more at the back of the proposed change than shows on fn« sunfacc. At the present time there iu'c, two separator agents touting for tlie change from fac- . Tory to home separation. It is a significant fact that one manager at the dairy conference ; ntly held at. Palmerston Xorth staled that lie had received an offer of £7 .per 'cent., or nearly one-third of the money received j on the gross sales in his district of a certain separator, it' lie would advocate closing down creameries and home sop j aration and that particular separator.-- | T am, etc.. H. A. HI NT. Waiongona, 17/7,1-".