THE DRIED MILK BOOM.
MINISTERIAL WARNING,
An article in Saturday’s Post explained how boomers of dried milk had excited hopes of 3s to 4s pbr lb. for Imtter-fat.
Thrills, Avhicli recall the old goldrush days, are stirring many dairyfarmers in the North. Those avlio have been getting rich steadily have a, vision of a sudden spring to great Avealth. By (ho magic of milk poAvdcr their returns from the cows ‘are to be much multiplied.
When the Minister of Agriculture, the Hon. W. D. S. MacDonald, was at Taihape the other day, he gave a note of warning against the basing of immense expectations on the present prices of dried milk. Practically, the Minister advised the dairymen to look well before leaping into the neAV schemes. It is understood that the expectation of enormous profits from the manufacture of dried milk is mainly due to the prices noAv paid for this product by the Imperial Government. Contractors in the supplying countries have been able to outbid butter and cheese-factories, because the milk-drying, firms have been able to pass on the extra price to the Imperial Government. Careful enquiries by a Post representative confirm the statement that these increases have been thus passed on.
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https://paperspast.natlib.govt.nz/newspapers/MH19180704.2.25
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Manawatu Herald, Volume XL, Issue 1848, 4 July 1918, Page 3
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203THE DRIED MILK BOOM. Manawatu Herald, Volume XL, Issue 1848, 4 July 1918, Page 3
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