FREEZING COMPANY V. PATERANGI MILK SUPPLIERS.

Waikato Times, Volume XXIX, Issue 2366, 8 September 1887, Page 2

FREEZING COMPANY V. PATERANGI MILK SUPPLIERS.

TO THE EDITOR. Sir, —I read with amusement a letter in Saturday's issue by Cannon Heath, in which he asks can the milk suppliers do better than lease onr cheese factory to the Auckland Freezing Company? In reply, I say, Yes, certainly, by keeping their factory and working it themselves. If the Paterangi Cheese Comjiany kept the factory and made butter daring the coming season they would reap the profit which would otherwise go to the Freezing Comjiany; and Cannon Heath knows this. About two years ago the Paterangi Company creamed and made butter, and after j laving cost of manufacture and freight to Auckland, the milk suppliers received 4 3 per gallon, whereas the Freezing Company’s price is only 2VI per gallon. Gannon Heath is rightin his remark, viz., that the Freezing Company did m-t - hanker after the Cheese Factory, and I may inform y u that the Paterangi Cheese Company did not hanker after the Freezing Company. Xo I think tiie whole arrangement was the work of one man, who no doubt intended Pi reap a double advantage by the transaction. never minding the other milk suppliers with their 2‘.d per gallon. Cannon Heath complains that last season's cheese has not been sold; bat had the milk suppliers agreed to take any such low price as 2jd per gallon, the chee=a could have been sold long ago to Mr Buchanan whose offer would have cleared, at least 3J ; and I pra-ume Cannon Heath knows something of that. At the beginning of the season the milk suppliers would accept nothing less than 3?. d per gallon, and of com m the directors could not sell, which tfould have saved the loss in weight * I think. Sir, that the shareholders'.honld have had a voice in the matter before it fell into the bands of the Freezing Company, for the time they hold it we shall not get a dividend, but on the other hand there was a chance should a better market oj>en up for cheese. Hoping 1 have n-t taken too much space in your valuable paper.—l am. Sir, yours faithfully, A Sharkkoli'Er.