To the Editor of the Norti-Catxa Dairy News,'
Si,—The time is evidently ripe to make some public reference to the state of this important industry, not with a view to arp the disappointing results hitherto achieved. but in a spirit of friendly criticism to deal with the present position, and make some remedial suggestion for bettering matters. To be candid, the mill companies we specially refer to have exhausted their respective cubitals, are without reserves, atid are more or s financially in the hands of their bankers or agents (or! both), for certain advances mate to cover recurring deficiencies arising from the industry proving unremunerative in working, besides keeping much costly plant, as "dead stock." To proverly gauge the full extent of the liabilities of the whole null industry is not the present object of this article, as a fair approximation of the value of the four mills can be arrived at by the following extract from the share market table, viz. (all shares being of Tls. 100 fave value), 40
Text read from the printed page and cleaned; old type leaves the occasional error.