The Wairarapa Daily. TUESDAY, JUNE 26, 1883. FROZEN MEAT.

Wairarapa Daily Times, Volume 5, Issue 1414, 26 June 1883, Page 2

The Wairarapa Daily. TUESDAY, JUNE 26, 1883. FROZEN MEAT.

Last week aii 1 extraordinary general meeting of the Canterbury Meat Freez-' ing/Company: was held, The points discussed at it are of special interest in this district because this trade is as yet in its infancy, and this Company may be considered, a little more developed than' the Wellington Meat 1 : Expoit Companyjwith which we are Connected.' It follows therefore, that its experiences are likely to'be ours, and that the mistakes it lias made will possibly be repeated to a certain extent in our own enterprise. In the first place the Canterbury Company started with a nominal capital of £20,000, of which 110,000 isjpaid up, but oven at thisearly stage in its history it has found it necessary' to increase its capital to £50,000, We' shall no 1 , be : surprised if the WellingtontCompany; also finds that it! wants more money when it gets into full swing,it is to & certain extent a guarantee of the I'.iture 'of traffic when large capitals aro.ile-: mandedtoworkit.The'reportbfthcmectingto which we refer indicates some of the weak- points of the trade. For, example, it is asserted that insurance: of meat exported is a mistaken expenditure, as the only risk covered is that! cohtiiigeiit on J the breaking down of the machinery, on board ship. A: warning was also' given against, exporting beef , s aß !lhe expense' of''freez-: irvg this class of meat is much heavier than on mutton, and it cannot be made; equally profitable, / it was also shown tha'tlit is more'economical tb export mutton by steamer than by- sailing vessels. We are glad to notice that in Canterbury .the Company is well Supported by flockowners. With shipping space'available,for 12,000 sheep only, the applications from:: salesmen amounted to 37,000 sheep, This fact.i clearly proves, 'that in spite of all risks it is- more 1 profitable, to send sheep, to England than'to sell them for colonial consumption. : This week-the position .of, our,Gpmpany is'to'/be considered f at■ a special' meeting. Tlie Australian market may possibly abandon or altogether'fail , our dairy produceraj anl unless put our shoulders to the wheel as they are doing in Canterburyfwe ' mciy find our Southern neighbors reaping the > goldeh''harvest while we ire sleeping,., }The : Middle Island,has .now, including the. present lonic shipment, despatched/jniie car goes, and the net profit in casfi'must bo at 1 least'£2,soo per cargo, To 'this niust be added the enhanced value on the remaining stock, and pn i the' land which supports it. The price f of meat and produce in the has.ori' the average been considerably lower thdn in the Middle Island;; and % need of an market' consequently* greater. But' what-'has' happened! It has taken two years to raise £12,000 out,of the,£2o,ooo ilxcd as the nominal capital < of . the Wellington Company,' and the latter sum .was subscnbed at pncg in both Christchurch and Dunedin, and a second Company with a.icapitalZof.£lo,ooo is/being formed at Christchurch, We have shipped. but' one cargo to their, nine, The City Wellington has been a disippointment to/us. First, itscontribution of capital to our Compafiy was insignificant in comparison' to I the it is Jikely to obtain from useless for large to load'and unload|'; p its noble.wharfionly runs jutjj info .shallow: iwaterv ?Sn has ibeeiv made to^Wahganui the i Gonipany, and now .one.i isiibeing made in this district, We trust it willbe well responded to.vbut we also hope" that - sleepy Wellington will be to dojte Ttej

conti iblito cargo, We believe that th&1 ( meeting'pn*Saturday nexLwijl do°good i aUrkotinglpublio; alter, tionsto/the I essential for the success I ,6f;.this induattjTj andv we 4'ust' ■ director of the' Company wherAnce they'have set the ball rolling will keep it going.