ENGLISH BUTTER STOCKS.

Shannon News, 20 December 1921, Page 3

ENGLISH BUTTER STOCKS.

"V DISPOSAL DECIDED UPON. London, December .-6. The Australian and New Zealand butter trade is faced with a crisis as the result of the British decision to dispose of the accumulated stocks. It is suggested that Australasia should retain their supplies in their own stores till the stocks are realised. Hr Hughes and Mr Massey have been cabled to on the subject. Mr Massey lias complained that meat is carried on top of butter, resulting in delay in unloading. But this is only part of the cause. Actually so much butter is stored that it is preierably to keep the stuff on board till the last possible moment. Sir James Allen states that when Vestey’s bought meat in New Zealand the understanding was that they were to sell the bulk of it on the Continent, but they failed to. do so, thus adding to the congestion here. COMMISSIONERS CONFER. London, December 16. The Australian and New Zealand High Commissioners and the trade commissioners conferred with reference -to tire butter conditions, which are going from bad .to worse daily, largely attributable to the existence of 800,00(1 boxes of surplus controlled Australasian butter in. Government stores: Each'attempt to reduce stocks produces further slump, it is reported that the Government is considering a private firm’s offer to purchase the whole of the stocks. Traders believe this ought to have been done a year ago. They now fear a repetition of the experience following the sale of Government- stocks of meat. It is anticipated that Australia and New Zealand will make representations to the Government on the matter next week. ■ The Bank of New Zealand, produce department, has received the following advice from its London office, under date November 16:— Butter.—Market weak and irregular. Quotations: 150/ to 155/ per cwt. Cheese.—Market quiet. White, 00/ to 08/ per cwt; coloured, 90/ to 96/ per cwt. The Loan and Mercantile Agency Company, Limited, have received the following cablegram from tlieir London bouse; under date November 16:— Butter.—New Zealand salted, £7 !(/ to £7 IS/ per cwt. Cheese.—£4 10/ to £4 18/ per cwt; market dull.