ARGENTINE BEEF

Hawke's Bay Herald-Tribune, Volume 81, Issue 27, 26 October 1937, Page 3

ARGENTINE BEEF

Will N.Z. Ever Equal It? GR0WTH 0F FAT LAMB PRODUCTION After a visit to Buenos Aires, wbere he judged the Lincoln, Eomney Marsh, Corriedale and Southdown sheep at the nnnual show, Mr Exnest St. Clair Haydon, of Methven, Canterbury, returned on the Eangitiki with the improssion that New Zcaland never would approach the Argentine for the quality of its beef. He added that the Argentine was concentrating upon the production of fat lambs of prime quality and would become a >serious competitor with New Zcaland. The meat industry there was very highly organised, and in two of the larger works there was a Idlling capacity of 5000 cattle, 10,000 sheep and 2000 pigs a day. Mr Haydon lived in'the Argentine for many years. He said that in recent vears the South American countries had progressed at an astonishing rate, and outside countries, especially Great Britain, had invested enormous sums of money in the difEerent industries. Tho show at Buenos Aires this year illu&trated very well the degree of prosperity of the Argentine. The number of entries was enormous, and it required four days of hard work for liim to judge thoso in the four sheep seetions in which ho was interested. The quality of sheep had greatly improved since he was there nine years i ago, and were classified mainly into two groupa, the English type and thc : New Zealand. The Dominion type was j much the best reprcsented, said Mr ! Haydon, , and tho xnajority of the exhibits were magnificent specimens. In his view, the main rpason for prosperity in Sonth America was the doubtful condition oi: Europe. This had prompted a number of the world 's major financial institutions to pour money into South America, which eeemed to be the land of opportunity for investorS. They had made a great deal of money through the agency of a, favourable exchange rate between thc | Argentine and Europe, and naturaliv there was a good deal of fluid capilal available. Given the many natural advantages for raising eattlo and sheep, the proximity to the English markets and much capital, there seemed eveiy prospect of flourishing years for the Argentine, as well as serious competitiou for New Zealand.