BUTTER IMPORTS

Hokitika Guardian, 27 March 1933, Page 5

BUTTER IMPORTS

LIMITATION URGED

TO PREVENT CHAOS IN MARKET.

(United Press Association—.By Electrio Telegraph—Copyright)

LONDON, March 25

Strong representations are being made to hasten, the imposition of restrictions on the importation of butter in Jo Britain be tore the market is made chaotic.

The British butter trade ridicules the New Zealand hope of an outlet for its butter in Germany, where all of the •ports have been closed to foreign butter up to the end of next November. It is emphasised that the Continent is already accelerating its delivery 0 f butter to Britain, and that it will now. take months to clear the existing accumulations.

If a decision is delayed till May, the Tooley Street importers estimate that the delay will ocxst New Zealand dairymen fifty thousand sterling weekly-

Tooley believes that had import quotas been introduced Dominion butter would now have ’ been between ninety and a hundred shillings per hundredweight. Instead of that, the delay in imposing the restrictions has depressed the prices to eighty shillings.

MR GOODFELLOW’S STATEMENT.

TURN FOR THE BETTER. SOON

AUCKLAND, March 23

“I have done my best to induce the New Zealand Dairy Board not to 'agree to any restriction on the imports of our butter into the United Kingdom, because. I believe it will be better to fight the matter out, even if prices do go , a little lower,” said Mr W. Good fellow, advisory director of the New Zealand Co-operative Dairy Company, when addressing the Auckland Chamber of 'Commerce in reference to the future international outlook. '

Mr Good fellow considered that there would be a turn for the better within the next few months, and that one might expect: (1) An allround reduction of war debts ; (2) a scaling down of tariffs; (3) a return of gold on ia new basis, involving- the devaluation of about 25 per cent.

One result would be that Germany would he able to buy large quantities of wool and butter, because her national obligations, would he reduced to about £150.009,000, or less titan the national debt of New Zealand. “But if there is a lift in prices,” said Mr Gocdfellow, “we will still have to face the problem of permanently holding the British market.’’

N.Z, BUTTER IN CANADA,

SUSPENSION FOR ONE MONTH

VANCOUVER, March 25

Sixty-nine hundred boxes of New |3e aland butter wetre unloaded here from the liner Niagara. They were placed in storage here, upon orders from Ottawa.. This butter must be held for thirty days

The importers are urging the Government to release part of the cargo that was purchased direct from New Zealand.

Six hundred boxes were unloaded from the liner Victoria before tire Ottawa order was recieved and that butter escapes the storage.

MARKETING BOARD TO DIS-

APPEAR,

LONDON March 25

The “Daily Express” states that the Empire Marketing Board which has cost the country four millions in seven' years, vs about to disappear. Tbs' is owing to a lack of money to keep it going. The British Government will not finance, the organisation after September 30 next.