FUTURE OF MEAT PRICES

Evening Post, Volume CIX, Issue 41, 18 February 1930, Page 14

FUTURE OF MEAT PRICES

■'' -r<- said Mr. John Gilkison, iitehaimanof the Southland Meat Company, - I.i'^ihe outlook, does not At this moment :-/p^'otniae .a continuance of high .. prices. 'V'JSresy item of export produced,-at our ■'works Will realise less. Other'countries, 1 as well as New Zealand, notably South '(•America, are yearly increasing their sup- ■'■! plies o£ lamb. Coincident with this iin-l increase in production, our. only customer,, :j Great Britain, is facing declining trade and rfineTeHSifiE; unemployment." The prospects Tjof finding' another outlet in thY United, if States of America are uncertain until the •/■cuestioa of Customs duties is settled. It ' 1 that Great Britain will';remain, '"! oui? best and only customer iac'y some ■'■ypats, and; anything we can, do to-increase • 'her purchasing capacity wijl be reflected in \a better demand for'our production. Alto"o^ether, producers of fat lambs .would do '.:-.irell to ponder over the present position. '■'With lower levels'of values will come a •' '■ sharper appreciation of the facts- ilean- ■ ,:#mk]l to-assure'the-shareholders ~<)£.:th|,Bonsdness-and intrinsic value jot ,f their'holdings.' I also wish'to say that " V-VWIs the. directors h,ave -no desire to sell 7 oar undertakings', circximstances may prove " - too ' gtrong w -figure's" *oo tempting, ', in ■ which case they-wiU consult with'you as •:■'to'whether it'is advisable to cash onr r.r.-ipHings or continue in-the. fight.^ The ,■■;•> Ixjlanpe ,carried forward is £36,936.