PROTEST TO MINISTER

Waikato Times, Volume 127, Issue 21197, 21 August 1940, Page 12

PROTEST TO MINISTER

FINANCE FOR FARMERS ! ’ DIFFERENCE IN RATES * (SDecial to Times.) ' MATAMATA, Tuesday At the annual meeting of the Sunny Park Co-operative Dairy Company it was decided, on the motion of Messrs r A. M. A. Wright and G. May, - to forward a protest to the t Minister of Finance, the Hon. W. Nash, against the present difference 3 in interest rates paid by those requiring finance for increasing production. The resolution also urged that all applicants should be treated • on the same footing, irrespective of the financial position of the dairy company. The meeting endorsed the action of the directors in selling the output of skim-milk from the factory for a term of three years at 5s Id a ton of butter made, without calling for tenders. It was held that the price received was the highest in the Auckland Province. Season’s Payments Payments of 15.92 d a lb for butter and 18.25 d for cheese was announced. The payment for butter excludes the cost of carting. The increases in output for the season were: Cheese, 35,6101 b: butter, 12,099 lb: whey butter, 76051 b. After a ballot Messrs H. Dearlove. J. Kerr and N. Williamson were elected to the directorate, the first two directors having retired in rotation. A motion of sympathy with the relatives of the late Mr J. Bell, who had been chairman of the company for the past 16 years, and who died as the result of an accident during the year, was passed