MEAT TRADE PROBLEMS Lord Luke, who presided at Wednesday's meeting
of Bovril, Ltd., urged that a body analogous to the Department of Overseas Trade should be set up to look after the interests of British companies working abroad. He urged that it was even more important to bring home from overseas £roo,000 of income which the Inland Revenue Department would share than to export £roo,000 worth of goods. He mentioned also that Argentine Estates of Bovril, whose capital had been subscribed by British shareholders, had not been allowed to share in the British quota for chilled or frozen beef and had been compelled to work at a loss, since at the present cost of cattle the manufacture of corned beef is unprofitable. Lord Luke made it clear that Bovril were now purchasing the bulk of their raw materials from other sources, but explained that they were buying all the Argentine Company's corned beef for the English market, and sharing the loss on it. Australian Estates of Bovril, on the other hand, had had a better year in 1937, and 1938 should be nearly as good. J. D. M.
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