BUTTER PRICES
• australian scheme not practicable in new zealand. WELLINGTON, Wednesday. The reason why the Australian system of an exporting bounty for produce, known as the Paterson plan, will not work in New Zealand, was explained to the Dominion Executive of the Farmers' Union hy the secretary of the Dairy Produce Control Board, Mr. W. Brash. Mr. Brash said that the Paterson plan was aimed at lceeping up the price of butter on the local markets, the New Zealand farmers being asked to sell butter at lesS than the cost to produce. New Zealand exported all but one-sixth of her butter, whereas Australia exported only one-third. Mr. Brash said that the dairy producer in Australia is having a very difficult time. In the best districts this year the Australian dairy farmers would be getting as much as 1/5 for butter fat, against eleven-pence or one shilling the New Zealand farmers could receive. This was due partly to the Paterson plan, and partly to the exchange. For the Paterson plan to be of any benefit to New Zealand, it would be necessary to send the price up so high that the public would not stand for it.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 269, 8 July 1932, Page 6
Word Count
196BUTTER PRICES Rotorua Morning Post, Volume 2, Issue 269, 8 July 1932, Page 6
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