BUTTER PROBLEM
——■ ii ! AUSTRALIAN VIEW. » ; 'At a meeting cf the central executive v ! of the Primary Producers' Union, New « ;South AVales, it was decided to ask the. "j Commonwealth Jktter Committee to con- . ! tract with (he British Government for ■th'e purchase of the surplus butter jn 'Australia forthe period of the'weir, and i: !for two years after, subject to a yearly revision of the price. The "excessive nature" of the f.rofita made by the middleman was strikingly illustrated by Mr. .1. N. Williams, secretary ,of the -Victorian Grocers' Association, a few days •?.go,' when calling attention to profits E ' ,made by butter merchants. He . said :that one of the Victorian butter com'•pany's bulance-nheets just issued showed ' ia net profit on. last year's working, of ■, : 32.4 per cent., and in the previous year . ;the same company made 41 per cent, pro- 1 ifit. Judged by grocers' standards these '.profits, were fabulous, but evidently but'ter merchants hold different ideas.
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Dominion, Volume 11, Issue 250, 10 July 1918, Page 8
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157BUTTER PROBLEM Dominion, Volume 11, Issue 250, 10 July 1918, Page 8
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