DAIRY PRODUCE

Gisborne Herald, Volume LXVI, Issue 20079, 27 October 1939, Page 7

DAIRY PRODUCE

DOMINION OUTPUT PURCHASE BY BRITAIN HIGHER RATE ASKED REVIEW BY MR. NASH (Per Press Association.) WELLINGTON, this day. An indication that New Zealand had not received a single offer from the United Kingdom Government equal to the price the New Zealand Government was now paying to the dairy farmer for his butter and cheese was given by the Minister of Finance and Marketing, the Hon. W. Nash, in a national radio broadcast from ius office in Parliament Buildings. Wellington, last evening. The Minister outlined stages in the negotiations with the dairy industry over the fixing of the guaranteed price for the current season and said that the Government was urging the United Kingdom Government to increase its offer for the purchase of the Dominion’s produce. Rumours Refuted Mr. Nasli devoted some time to refuting rumours which, he said, were current. A dairy newspaper, he said, had mentioned that the British Government had fixed a maximum price of 1455. That, however, was nothing to do with the New Zealand Government, which was not getting 1455. That was the price fixed by the British Government for all butter imported into the United Kingdom and it was the price which had been fixed when the market was short. The price the Government was paying the farmer to-day was 130 s sterling, for butter and 77s Gd sterling for cheese. The deficit in the account for butter was £1.349.000 and for cheese £1,182,000. Against that there was a surplus for the previous season of over £500,000.