THE MEAT INDUSTRY.

Taranaki Daily News, 12 August 1919, Page 6

THE MEAT INDUSTRY.

A COMPANY DIRECTOR'S REMARKS. At the annual meeting of the Wellington Farmers' Meat Company iast week, Mr J. C. Cooper, managing director, had something to say about the meat trust. "It has been suggested by some of our shareholders," said Mr Cooper, "that the time has arrived when the company should increase its dividend in common with other farmers' companies and institutions, to, say, 7i per cent. The board of directors feel, however, that a wise policy for the company is to continue to consolidate its business by the establishment of new and profitable subsidiary industries, particularly, as we have the menace of the meat trust always before our minds, and the position in this respect has been further accentuated by the recent purchase of Vesty's, who Have bought out Kelson Bros.' interest in Hawke's Bay. It must be remembered that any profits earned by a meat trust in this country are withdrawn to the United States or other foreign countries, a bleeding process which must lead more or less to the impoverishment of the Dominion, whereas the profits of such companies as our own are spent in the country and are helping to develop and build up its industries and resources."