N.Z. DAIRYING

Hokitika Guardian, 14 July 1927, Page 4

N.Z. DAIRYING

RECORD IN PRODUCTION. PALMERSTON X; July 7. hi welcoming the delegates of ihc Dairy Farmers' Union to the annual conference held at Palmerston North the president, Mr Neil Campbell, said that for a number of reasons the pasL season had been an exeeptioiml one. and it would stand out for all times in the history of dairying in Nc" Zealand From n production point i f view, (lie year which ended on June .'if), on uted a record showing an increase of nearly 10 per cent in butteiTat production over the previous year. Although the major portion of this increase was probably due to the exceptionally favourable climatic conditions, a certain amount of credit must also he given to improved methods of .production. particularly herd testing, use of fertilizers, cream grading, farm inspection, and payments on the basis of quality. Referring to farm finance, Mr Campbell said: ‘‘The farmer so far has been living on promises, with the rc-cb

conditions have become worse instead of better. The Government has practically promised to give wider effects to the recommendations of the Rural Credit c uuniission in connection with inter mediate credits. Personally 1 have came to the conclusion that no scheme will ho of any material value unless it has a strong financial hacking. Until we accomplish a. gradual and general evolution from flic present costly and unsatisfactory short-dated mortgage system to a long-dated system, no relief of any importance will he given t prim ary p rod u cers. ’ ’ “The greatest blow New Zealand farmers have received during recent months was an increase made by the associated banks in the rate of interest of ‘per cent. ft will certainly prove a strong argument in favour of all agricultural bank which, in face of llio independant attitude taken up by the associated banks, appears to become a greater necessity every d\v