THE DAIRY POOL.

Taranaki Daily News, 20 May 1922, Page 5

THE DAIRY POOL.

CONFERENCE CONTINUED. REPRESENTATION FIXED. THE NORTH ISLAND MEMBERS. By Telegraph.—Press Association. Wellington, May 18. When the conference of the co-opera-tive dairy companies’ delegates met this morning to consider further details of the dairy pool, the main anxiety was as to whether the difficulty of representation of the North and 'South Islands on the board of directors had been smoothed out overnight. It was indicated at the outset to-day that a solution might be possible. The matter will be considered later. The problem of the shareholders’ votes is now under discussion. Mr. Grounds (North Auckland) moved that the voting should be on the basis of one vote for TOO shares, two for *2OO, three for 400, four for 700, five for 1000, and a further vote for every additional 1000. This amendment was carried. Mr. Goodfellow (South Auckland) then moved that the voting be on'a shareholding basis, but that no one company should have more than two seats on the board, 1 thus bringing the meeting back to one share one vote, with the safeguard of the limitation of two directors from any one company. An objection that the amendment was really the amendment Mr. Goodfellow had previously moved was upheld by the chairman. The debate continued on the subject whether voting should be on a sliding or share basis. A committee was set up and imported half an hour later and recommended that, subject to the directors of Mr. Goodfellow’s company agreeing. the basis ue: For each 100 shares up to 500. one vote; for each 100 over 500, one additional vote. This was adopted. Wellington, Last Night. On the dairy pool conference resuming after lunch, the discussion on South Island representation was continued. Mr. Agar said it had been suggested by some North Island delegates that if the South Island was made to include the whole of the Island instead ojE merely Canterbury, Otago, Southland and Westland, they would be prepared to concede five seats instead of four to the South Island. He therefore altered his amendment to meet this

The amendment was lost on the voices, and Mr. Moss’ motion giving the representation of the North Island 11 seats and the South I slant! four was carried. The election of the North Island members of the provisional board resulted as follows: North Auckland,’Mr. Grounds (Hokianga); South Auckland, Mr. Goodfellow (New Zealand Dairy Company), Mr. Wells (Cambridge) and Mr. Stanton (Kaiketu); Bay of Plenty, Mr. McMillan (Taurangaj : Taranaki. Mr. Arthur Morton (president of the New Zealand Dairy Association), Mr. J. Corrigan (Hawera). and Mr. Forsyth (Eltham) ; Hawke’s Bay, Mr. Cook (Heretaunga); Wellington, Air. Moss (Carterton) and Mr. Hanson (Awahuri).

It was resolved that the chairman should be a commercial man appointed by the Government, after a recommendation by the other directors.