Praise For Farmers Of New Zealand

Chronicle (Levin), 7 January 1949, Page 5

Praise For Farmers Of New Zealand

Received Thursday, 7 .p.m. » LONDON, Jan. 6. Referring to the fact that New ZeaJand exported to the United Iving dom during 1947 over 6,500,000 cwt. of meat, 127,00b tons of butter and 87,000 tons of cheese, the chairman of the New Zealand Loan and MereantikAgency Limited, Mr. W. E. H. Tatham. said in a report presented at the annual' meeting of the company in London: " Ihese are^ remarkable achievements for a country whose total population is fewer than 2,000,000 and whose area is much the same as that of the United Ivingdom. They are a great tribute to the energy and skill of farmers and to the productivity pf the land. Iia^oned Britishers have much cause to feei grateful to their fellow Britishers in New Zealand, especially {hose of them' who are concerned with food production." Reviewing the eompany's aetivities in New Zealand, Mr. Tatham said al) types of farming were ov should be prosperous, especially tliose concerned with the production of butter and meat for which there was continuing long term guaranteed purchase contracts though in eommon with Australia and the United Kingdom, a high proportion of profits is absorbed by taxation. Discussing high. wool prices, Mr. Tatham said there were clear signs of the sellers' market becoming less favounable to manufacturers of exportable goods. This might mean that manufacturers would be unable to pay as much as they were doing at present for their raw material,