BUTTER SUBSIDY
ON AUSTRALIAN EXPORTS. (Australian Press Association) SYDNEY, January 1. (The expedient known as the Paterson Scheme, adopted, four years ago, whereby the butter products of Australia are subsidised for the export trade through a levy on the heal sales, has had a far-reaching effect. Among these has been an additional return during the period mentioned of ten millions sterling to the producers, and a correspondingly added cost to the Australian public for their butter for local consumption. The condensed milk export trade is also feeling the effects of the high cost of butter fat. A leading firm lias been naying threepence per pound extra. It now finds that it cannot compete with the overseas manufacturers, and it announces a reduction in price which will be payable to milk producers by the equivalent of one penny per pound for butter fat in Now South Wales, and threepence halfpenny in Queensland and a penny farthing in Victoria. The, matter is being considered earnestly by the interested sections of the milk producing and manufacturing industry, in the hope of saving the condensed milk business.
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Hokitika Guardian, 2 January 1930, Page 6
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183BUTTER SUBSIDY Hokitika Guardian, 2 January 1930, Page 6
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