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Press, Volume LXVI, Issue 20104, 6 December 1930, Page 18

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| (CONTINUED,)' fj CANADIAN BUTTER | MARKET, jl ' REPORTS OF FLOODING | BY AUSTRALIA. < ; (TOTTED I-BBS3 ASSOCIATION—BY ELECTRIC * $ TELEGaAPH —COPYRIGHT.) '!■! December sth, 5.5 p.m.) If OTTAAVA, December <L ; j The Federal Cabinet discussed a re- ' port that the Canadian market would | be flooded with Australian butter. There * Was no official declaration at the conjj elusion of tho sitting. The feeling in * political circles is that sueh a condi--1 lion will not bo permitted to arise. ■! "There is absolutely no danger that i the Canadian market will be flooded J with Australian butter," said the Trade 4 Commissioner (Mr L. E. MacGregor) toI day, when asked to comment on reports that 20,000,0001b of butter would be exported to Canada within a few months. He stated that Marketing Boards had I been set up in Australia to regulate cxI ports, and only such butter would be j sent to Canada as was needed to satisfy J requirements. | Mr MacGregor said that Australia was | desirous of taking every possible step t to preclude prejudicing tho Canadian | dariy industry, and avoid embarrassing tho Canadian Government. To this end the Australian butter export to Canada •would be controlled by the Australian • Government. .""We will send only a portion of the disclosed shortage of Canadian production. We have invited Canadian dairying and distributing interests to join us in assessing what that shortage is likely to be. Reports of an alarmist j eharactor are regarded as unfriendly to Australia, and calculated to bo damag- ; ing to the ' friendly relations between j our countries, which we seek to maintain and stimulate." Tho wholo question of Australian and Canadian trade will bo discussed between the Minister for Commerce, Mr H. H. Stevens, and Mr P. J. Moloney (Aus-' tralia) when the latter arrives shortly. Statement by Minister. The . Federal Minister for National Finance, Mr Kyokman, said he did not believe the report that Australia intended to flood the Canadian market With butter shipped on consignment to escape the payment of dumping duty. "We have an understanding with Australia, and I am satisfied that there will be no unfair dumping on the Canadian market. If butter is sent here on consignment we cannot collect; but as (toon as it is sold the Department of Revenue ha 3 a right to impose its Jevies." ' " NEW ZEALAND AGENT'S COMMENT. VANCOUVER, December 4. Mr W, A. James, New Zealand agent iere, says:—''Seemingly, with a duty of only one cent, Australia has the butter trade all her own way. Canada is ■hort this year and will have to import. Australia is: likely to supply that marJeet." • • ■ LONDON BUTTER MARKET. (tnrmu> PMSS ASSOCIATION —BY ELZCTBIC TKfiEGSArH—COPTEIGET.) LONDON, December 4. There is rather mora demand for butter. Quotations: — Danish .« ;»* 230s Hew Zealand— Choicest salted ■ ' 204s to 106s Unsalted 124s to 130s Sa-Ittfd ... .. 98s to 102s Exceptionally good •«". Unsalted .. ... 114s to 118s CHEESE. , Tho market for cheese is weak. Quotations : Kew ZealandColoured "White ;A 58s to ' 95s 4*i*tralia£rr— Colpared . m * > 55s ; Whito ~ 57a