THE MEAT MARKET

Hokitika Guardian, 10 November 1932, Page 4

THE MEAT MARKET

BRITAIN’S DRASTIC ACTION,

MR COATES VOICES OPINION.

(Per P*"}ss Association - Copyright.)

WELLINGTON, November 9,

“Thjp action that., is being taken by the British ' Government . with the object oV immediately reducing the .British meat supplies,.is an evidence of the serious position of ..the United Kingdom meat market,” “said ,Mr Ccates this morning. “It is ta drastic •action, and. it affects New Zealand. The curtailment of ; New Zealand’s supplies for the months of November and December as a matter -which i s outside of the Ottawa Agreement, under the terms of which th e regulation of foreign supplies of meat , entering the United -Kingdom is,to be,Made elective for five years,' 'commencing off January 1, 1983>» “After consultation .with the meat producers, tho Government , are able to Indicate that the New Zealand »hip; meats of frozen mutton and lamb for the two final months of this year will not exceed the quantity now emulated by the United Kingdom Government, viz., ten per cent-. , below the (quantities’ for the' corresponding P e s* iod of last year.’*,.-.' • As against this, he; said, there should be an improvement in, the present prices. The Ottawa Agreement would not be affected by the action which had been taken. \ Mr Coate-s denied an impression that some new -authority for the regulating of supplies has been conferred on the United Kingdom by the Ottawa Agreement. •,

He said that the meat position was being cnrefullv and constantly watched, and he gave an assurance that noth'll a was being overlooked which could- 'be helpful to New Zealand producers.

CURTAILMENT O'” EXPORTS

TO SAVE BRITISH PRODUCERS

LONDON, November 8.

The “Daily Telegraph” says : “Voluntary meat restrictions are the sole practicable method of dealing with the crisis that exists in the British Jive ■stock industry. The banks can now extend credits to the British farmers. The Government’s action is not without risk in the possibility of there being 'a price reaction greater than it has planned, but urgent action has been essential in order tq rescue British agriculture in the greatest crisis it has ever faoed.