BAY OF PLENTY BEACON Published Mondays, Wednesdays and Fridays. WEDNESDAY, AUG. 30, 1950 A BREAKDOWN
In Bay of Plenty more than in most parts of New Zealand there will be concern at the failure of Britain to agree to an increase in prices for this country's dairy produce. Before the announcement was made on Monday that negotiations had broken down, the chairman of directors of Rangitaiki Plains Dairy Company, Mr S. C. Spence, had expressed the opinion that the overseas market for butter was firm. Not so long previously a Waikato chairman had said that New Zealand must soon expect to receive less for her dairv produce. These divergent views illustrated, perhaps, that overseas economy is hard to judge from here. Mr Spence has said, also, that an increase in guaranteed price will be necessary if such companies as his own are to cope with increasing costs. That an increased guaranteed price will be annnouced tomorrow is generally expected. The dairy farmer, too, has a right, having achieved in recent years a substantial standard of living, to expect to maintain that standard while his goods are in demand. He will, therefore, look, on a guaranteed price increase as necessary to compensate him for higher costs, including that of farm machinery imported from Britain.
If Britain will not pay New Zealand what the latter needs for dairy produce, then some of what is paid to farmers may need to come from reserves created for a different purposecreated to carry New Zealand farmers if and When production costs here are greater than the return from overseas sales, a state of the market which has not been reached.
The difference between prices paid in Britain for New Zealand and European produce has not been satisfactorily explained. While it may be difficult to gauge the British outlook from New Zealand, the British Ministry of Food has shown decided lack of knowledge of conditions here.
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Bay of Plenty Beacon, Volume 15, Issue 89, 30 August 1950, Page 4
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320BAY OF PLENTY BEACON Published Mondays, Wednesdays and Fridays. WEDNESDAY, AUG. 30, 1950 A BREAKDOWN Bay of Plenty Beacon, Volume 15, Issue 89, 30 August 1950, Page 4
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