BUTTER SUPPLY

New Zealand Times, Volume XLVI, Issue 10614, 12 June 1920, Page 3

BUTTER SUPPLY

GOVERNMENT AND THE PRICE. FEB FBESU ASSOCIATION. HAMILTON, Juno 10. Beferrim* to the official statement that the Government had done no more than follow the custom of recant years, in releasing butter, Mr Goodfellow, manager of the New‘Zealand Dairy Association, states that producers took no exception to the holding back of a quantity of butter sufficient to supply local requirements until the coming season’s make was available. At the present time there were 220,000 boxes of butter in New Zealand 1 , (compared with >IOO,OOO boxes at this time last year. This estimated surplus of 100,000 had in reality been sold to the Imperial Government, tut the New Zealand Government intended to appropriate the extra quantity for the purpose of supplying the local mar-' ket in competition with the new season’s make, which would be available in increasing quantities after August Ist next. The by this questionable means would continue to keep down the price of butter to a figure very much below the cost of production. Mr Goodfellow quoted the prices ruling in other countries, showing that inferior butter sold to-day tn Australia nt 2« 5d per pound, in Canada and the United States at 3s to 3s fid, and in (Ehgland at 8s to 5s per pound.