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CANADIAN DAIRYING. 



The advantages of the private enterprise plan are : 



1. The business usually receives good business man- 

 agement, as the owner has everything to lose if the 

 business be not well conducted. 



2. The patrons are relieved from any risk of failure 

 so far as the money invested in the factory and its 

 equipment is concerned. 



3. Private enterprise factories are often better 

 equipped and kept in better repair than those owned 

 by companies. 



The disadvantages are : 



1. The higher rate charged for manufacturing, in 

 order to cover the risk involved and to obtain interest 

 on the money invested. Interest on money invested 

 is not or should not be a consideration in stock com- 

 pany concerns. 



2. The danger of the factory man losing through 

 loss of patronage, with or without cause, the money 

 which he has invested. 



3. The risk which patrons run of losing the value 

 of their milk through dishonest owners or managers. 

 In order to ensure against this loss it is well for the 



