EXPORTABLE BUTTER.

Otaki Mail, Volume XXVIII, 4 October 1920, Page 4

EXPORTABLE BUTTER.

IMPERIAL GOVERNMENT OFEEE. The New Zealand butter factories, which engage in the export trade, me to be recommended to accept the offer of tho British Government to purchase the exportable surplus of butter at 280 s per cu t (2s (id per lb) in New Zealand. There is, however, a proviso to the effect that the British Government affords to the New Zealand producers the same facilities for free mu. ketiug of their produce in the Unitu I Kingdom as is accorded to British and Irish butter makers, at the expiry jf the contract now under consideration, on 31st March, 1021.

It is understood that the Brii.sh Government is willing to allow sales made to Canada and the United Stut-y. about 2500 tons, up to the, end >'t August, to go through. The present rate of exchange greatly facilitatethis trade, and it will be in an iniiui tesimal way, perhaps, a factor in ad justing the adverse position occupied by Great Britain and the Dominions with respect to the value of sterling in both Canada and the United State. The position in Australia when the hot mail left was a (lull market, due to high prices, leading to heavily-redm-ei. consumption. The market was impiov ing, thus enabling fair supplies to In furnished to the Imperial Government. Melbourne official wholesale prices am as follows: —Choicest and lirst grade, 271 s a cwt (2s 3d per pound); second grade, 270 s a cwt; third grade, 2(i(is a cwt; pastry grade of 21 points, 203 s a cwt; pastry grade below SI points. 203 s a cwt, less as many shillings as the butter is graded below SI points An additional 7s a cwt may he charged for butter printed or wrapped. Tin vendor must supply an invoice with die grade stated in writing, and may cluirgo in the ease of choicest and final glade butter an additional Is (id a ew. for each, point over 00 up to maximaa of 2,111 s a cwt. .Is a cwt for each point over St! lip to 273 s for second grade, and Is for each point over 82 up to 2tiys for third grade.