FARM AND COMMERCIAL

Dominion, Volume 12, Issue 61, 6 December 1918, Page 8

FARM AND COMMERCIAL

j'f - PRICE OF BUTTER v U.'no increase to be made. I There is.'to lie no,advance for the est two Tears in the present ..retail Hce of \C "SiLTper lb. for factory butii', This' statement was made by Mr. !.'.P.-AgarV>B'ho is.a South ii-landre-iesentative "on-'-the ' Dominion Butter lommittesv-to-the Christchurch "Sun.' ; The committee, Mr. Agar stated, is iotonly able.to;guaranteo this, but also bat Dominion requirements will be suplied. This- had previously been volunkrily decided on. The method by which he Dominion market will be kept suplied is as follo.ws:-If the Dominion perchants are to be supplied with butfer; sav. at Is. 3d. per lb., the commiteEJ.will arrange for an advance to extorters on their shipments up to this mount. Then from the balance remainhg,' exporters will be paid the . actual io;b. outlav, and the sum remaining will iG-clivided between The factories pro. rata n their outout, whether distributed localy"or shipp'ed. Thus factories will reeive exactly the same return for buter whether sold on the Home or New Iceland market. Roughly, by thisi nethod of keeping down the local price .elow the Honw one, the New Zealand iiiblic saved ner year, and at lie ■■ end of the term of two years since he system of Inmerial invrchases •• was aade, there would have been saved onend a quarter million pounds. Begardhgv the increased price secured by exlo'rters of 181s., as compared with 1575. er cwt. last year, Mr! Agar stated that M year factories participated in the rdme market proSts. For the latter, a jial adjustment equal to 17s. per cwt. iad been submitted to tho committee, rhich made last, year's price 1745. _ The iresent price, therefore, only constituted n -advance of 7s. per cwt. !