BUTTER STOCKS

Hokitika Guardian, 15 March 1927, Page 2

BUTTER STOCKS

PRICE FIXINC DROPPED. BY N.Z. DAIRY CONTROL BOARD. [if. TELEGRAM —TER I’RESS ASSOCIATION.] MAY PLYMOFTH. March 1 I. I’rivaio cabled advice received lrom London in New Plymouth yesterday siated that the Control Board had agreed to the London merchants selling. on their own terms, ninety thousand boxes of New Zealand butter weekly, and fifty-live thousand crates of dice.- e weekly. WELLINGTON. March 14. The New Zealand Dairy Producers’ Export Control Hoard to-day decided, by six votes to throe .to rescind “ nil resolutions and restrictions dealing with the fixing of prices.” The Board at its special meetings on Saturday and Monday fully considered the existing marketing position of butter and cheese, and, as the outcome, resolutions have been passed freeing the importers from any named prices, and requiring them to sell each week 90.009 eases of butter and 45.000 crates of cheese, and also to care for fresh arrivals of hut ter and cheese, and to absorb Iho aeoiiinnlatod stocks h\- the end of Alav in the ease of cheese, and h vtlie end of June in the ease of but-

The restriction noon weekly quantities of butter <90.000 cases) and cheese Gif).ooo crates) to he sold, is designed to prevent the speculative absorption of the whole quantity now available at low-price levels, to the disadvantage of tho producer.