Growth and Development of the Trade in Frozen Mutton, 225 
Meat ... I 
Freight 
London charges, '34 
Insurance, ■\Q , 
Total cost of meat 
2\d. f.o.b. frozen. 
id. 
S^d. per lb. f.o.b. 
Nelson 
Grower3 
Ships 
Brothers 
d. 
d. 
d. 
. 2-25 . 
. 1-20 
. 0-55 
. 2-25 . 
. 1-30 
. 0-575 
. 2-30 . 
. 1-3625 . 
. 0-5876 
. 2-40 . 
. 1-4875 . 
. 0-6125 
. 2-50 . 
. 1-6125 . 
. 0-6375 
2-GO . 
. 1-7375 . 
. 0-6625 
Any increase of price above 3^d. is to be divided between the Loudon 
agents (in this case Nelson Brothers) and the shipping companies, in the 
proportion of J to the former and * to the latter, until meat reaches i^d. per lb. 
After i^d. per lb. any increase in price to be divided as follows: — Growers, 
40 per cent. ; the shipping companies, 50 per cent. ; and Nelson Brothers, 
10 per cent. After 5d. per pound, growers to get 80 per cent. ; the 
London agents, 20 per cent. ; but the ships not to participate after 5d. The 
effect of the proposal -would be as follows :- 
Meat selling at 4 gives 
H 
5 
" An arrangement has also to be made for meat of second and third 
quality." 
On February 13 last, the British Australian, published in 
London, reported from Wellington, in the North Island, to the 
effect that Messrs. Nelson Brothers of Napier had oflfered to 
establish new freezing works at Gisborne, and give a minimum 
net price of l^d. per lb., and half the surplus over 4rf. obtained 
in London ; a guarantee of 16,000 sheep per annum for three 
years being required by the firm. At a meeting of sheep- 
farmers the offer was said to have been favourably received, and 
a guarantee of 10,000 given in the room. Here we have appa- 
rently an expression of content to accept l^d. as a three years' 
local minimum. 
No doubt the short but remarkable spurt in prices in July 
and August of last year has given heart to some pi'eviously 
desponding shippers. While the temporary boom lasted, a good 
illustration of the resultant effect of even slightly higher prices 
for frozen meat here on land values in New Zealand appeared 
in the Standard of October 9 last, wherein, on the informa- 
tion supplied by an extensive New Zealand landowner and 
farmer, it was asserted that there was great rejoicing among 
his class at the improved prospect for the sale of frozen meat 
in this country, owing to the coincidence of a reduction in ex- 
penses and a rise in prices. According to this authority, the 
mere fact of meat selling in London at 4^d. to 5^d. per lb. 
throughout a year would restore the price of land in New Zea- 
VOL, XXV. — S. S. Q 
