BUTTER QUOTA

Hokitika Guardian, 24 May 1933, Page 6

BUTTER QUOTA

AUSTRALIAN.. PROPOSAL,

Australian Press Association.)

(Received'May 24 at 9.15 a.m.) SYDNEY, May 24,

Dairying interests in Australia'have under consideration a new plan for the stabilisation of th. a butter industry within the Commonwealth, on the basis of Australian economic cbnditons, providing for an export quota to be controlled by a Stabilisation committda Composed of representatives of each State. Factories - will continue to sell through their agents. There is no need for a Paterson levy. Any factory which has kept within its quota on tho local market would pay nothing but the factory which. has oversold locally would pay to the stabilisation committee the difference between the local price and London prides, for the ''percentage oversold. From the fund thus created, factories exporting more than their quota would be paid, or equalised. Mr J. R. King, general manager of th.g producers co-operative distributing Society, addressing dairy factory managers and secretaries on the subject of overseas conditions, said he felt convinced that if fall the butter from Now Zealand and Australia had been sent forward on a consignment basis to fewer sellers, the disastrously low levels ruling lately would have bqun avoided, apbilp with factories in Australia competing with one another to sell fobj there is some excuse for London sellers not taking concerted action to rectify the position