DAIRY PRODUCE.

Shannon News, 28 October 1927, Page 3

DAIRY PRODUCE.

LATEST QUOTATIONS.

The N.Z. Dairy Produce Board report under date October 21st:— butter.

Prices for New Zealand butter are nominal with absence of demand. Quotations are practically the same as the previous week. Salted, 173 sto l<Bs, unsalted, 184 s to 188 s. _ Other quotations for unsalted aie as follow:— Australian 178 s to. 182 s; Argentine, 170 sto 1745; r . isk ’ 17ft Dutch, 188 s to 1925; Esthoman 170 s to 1765; Latvian, 1725; Siberian, 148 s to 1565; Danish, 190 s to 1925. Argentine production is now mcreaslllg' CHEESE.

The market for New Zealand cheese are 100 s to 105 s and the market is slow Canadian is quoted at 103 s to 106 s, and, Australian at 100 s to 102 s. English farmers’ finest, 126 s to 130 s. AMERICAN P,RICES. The Board has also received the following market report from its agent m Butter. —New York 48£ cents (2s id), Montreal 27-h cents (Is ljd). ban Erancisco 49 -cents (2s id), \ ancouvei 39i cents (Is 7fd), Canadian 38J cents (Is 7§d). /-.Ala Cheese.— Montreal 20 cents -(10d). MEETING OF THE BOARD. License.—At a meeting of the Board held on Friday, October 21st, consideration was given to letters from several dairy companies expressing anxiety regarding the condition of the license which empowers the Board to undertake audit of accounts in Great Britain. Whilst some express a desire that no continuous audit should be undertaken, others wish this type of audit carried out. The' Board decided that as Mr H. E. Davis, the London, manager, would, ha Ye an opportunity of handling copies of all account, sales in London and would be able to advise the Board as to the necessity or otherwise of a continuous audit, the question could be held in abeyance in the meantime. The Board is generally of the opinion, however, that an extensive audit such as was instituted under.the policy of absolute control will be unnecessary'. It is further unlikely that a continuous audit of any Dairy Company’s acounts will be undertaken without consultation with the Dairy Company concerned. • _ , Butter and Cheese Weights. —Advice was received of complaints from merchants regarding short weight butter in London-. The Board decided that the standard weight, of butter either for consignments or f.o.b. sales should be recognised as 56 lbs. 6 ozs. including parchment paper. It would stress upon the Daily Companies, however, the fieeessity for care in weighing, so as to avoid complaints for short weights. The Board is urging the Provision Exchange in London to recognise the standard of 561bs 6 ozs. including parchment, and further, that in weights taken on any one consignment, over weights should be set off against short weights. In connection with cheese weights, the Board decided that whilst over weights should be set off against short weights, payments for any weight in excess of the marked weight when so averaged could Jiot be expected. Preservative. —Our London office has cabled stating that the British Health regulations provide that all butter containing - preservative must be consumed' by 31st December, 1927. Further Payments for Butter and Cheese. —A further payment of 9/16ths of a penny per lb. on the second butter pool will be made on 4th November, totalling £267,000. This will leave only a small further payment to be made which will be paid out when all account sales come to hand, probably early in the New Year. A further payment of about 3/lGths of a penny per lb. on the cheese pool totalling about £125,000 will be made about the end of November. The same remarks as made in connection with butter apply to the further final payment from the cheese pool.