MEAT TRADE CRISIS
LOSSES OF £2,000.000 CONCERN IN THE COMMONWEALTH By Cable.—Press Association.—Copyrigin SYDNEY, Wednesday. With reference to the depression in the meat trade, the “Sydney Morning Herald” says: “For some time, export houses have been losing heavily. Several freezing works have closed down and a nuin her of exporters have gone out of business. One authority places the exporters’ losses at £2,000,000. Other quarters regard this as a conservative estimate, and point out that the losses continue, but cannot go on indefinitely. and that if more exporters are forced out of the trade, stockowners must suffer. “A number of factors have contributed to create this unsatisfactory position, one of the chief being the increase in the cost of operating the freezing-works, which has gone up 100 per cent., while the prices of exported meat in London are down to practically the pre-war level. Organised effort on the part of the Commonwealth Government, pastoralists, and those interested in the meat export trade is strongly urged in order to retrieve the position.”—A. and N.Z.
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Bibliographic details
Sun (Auckland), Volume 1, Issue 78, 23 June 1927, Page 2
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173MEAT TRADE CRISIS Sun (Auckland), Volume 1, Issue 78, 23 June 1927, Page 2
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