THE MEAT SLUMP.

Dominion, Volume 3, Issue 629, 5 October 1909, Page 7

THE MEAT SLUMP.

.'RETURNED NEW'ZEALANDERS'-VIEWS. Y 1 Mr - ! Q /!.W. r»eller,,"of;Carterton,-. who ■ nas ■been,' absent. some six monthe in tho'. Old' Country, took some interest in tho meat' question when at Home. Speaking to a Dominion -reporter ha state'd .that the extraordinary -congestion; of. meat and; tho; consequent depression in prices was caused by very heavy shipments of. meat arriving, when, tbing-s'wero at .their jworst ii^Bnglaad. fl "B.ad' J tfin'ls"hiia' weakened tho purchasing power'of, the' peoploi and thej could. , not. afford to buy.-.meat as they can in normal times., ';Tho worst of it is,", said Mr. Doller; 'thore does not seeih'to b> muclrlmproveiliorit, and the; rocoyery ■ promises to bo ■a slow, one, I'm sorry to say. ■'•■' ■' ■)-,"<■■ :■ !-:Mr.'-.Seller is alao.quito convinced that the nervousness brought about by .the Government's Budget has had a great: deal to do with the acute distress that was experienced in England last winter, which promised, to be •• repeated during .the.wintW now coming onin England. Moneyed people'had got a scare, and were tightening instead of loosening their :-pursestrings. 'If you could only hear what .they are saying in England about the Budßet," said Mr. Deller; in conolusiori, "you would nt once understand how seriously it was affecting 'biisiness. :'■•,'::..■ ;;;--;, '■•'■<;,■•; '■•.■: '■:''•[„• V-.■■■"■. . i ■ Mr. F. : Waymonth, of Christchnroh, another gentleman, interested . in. tho • Dominion's meat .trade, says that im unusual combination of cir-' .cumßtancesbroiißht'about the depression in the 'moat.market. ■'. The'conntries' oversea sent more ■meat andthe/Old Countrywas able to: absorb less, and though meat was possibly cheaper than it had. ever been, tho demand did not come,-as. the people who usually buy frozen mutton had.not'tha money,,to: do eo. The situation: could only be improved by' better times in England;'.,'-,:>. .' ;■ ' '■. -.-