CARDS ON THE TABLE

Sun (Auckland), Volume 1, Issue 103, 22 July 1927, Page 9

CARDS ON THE TABLE

BUTTER BUYERS TERMS WILL TAKE SUGGESTIONS Already pre-control conditions are well established, and the Dairy Produce Importers’ Association. London, lay portion of their cards upon the table. Under date July 20 the association cabled the following schedule of trading terms for the 1927-28 spa- “ Now that absolute control of market New Zealand butter and cheese has been abandoned, members of this association have had the whole problem of the future of the New Zealand dairy industry under careful consideration and review,” reads the cable. “In order to establish confidence and goodwill, members of this association propose to adopt the following schedule of charges and rules of procedure on the terms which were generhlly in operation prior to control, and which we think are equitable to both producer and agent.” The schedule reads: Minimum commission to be charged factories for sale of butter and cheese on consignment shall be 2J per cent. Rates of advances to be made on produce in store, and for shipment, shall be mutually agreed upon from time to time, based on ruling market conditions and prospects. Produce shall be drawn for at sight or 30 days at factory option, with interest, debit or credit, for factory account: minimum half per cent over Bank of Imgland rate, minimum 5 cent. * Current exchange rates will bo charged on draft and remittance. Goods under advance in store before shipment or afloat sold to others. 1 per cent commission, if landed, 2£ per cent commission. No guarantee of returns. Interest on advances made in New Zealand before shipment according to New Zealand rates. Tho association, concludes the cable, "desires to place its services at th" disposal of the producers, and are at all times willing to consider suggestions relating to the marketing of dairy produce.” V “BRIGHTER FUTURE” “The future of the cheese market is decidedly brighter,” said a leading produce exporter to a SUN man this morning. The butter market. he stated, was unchanged, with large offerings of Danish keeping the market low. Under date July 21 Xorden and Co. are in receipt of the following cablegram from their London principals: . .New Zealand butter. 158 s; unsalted, 1625; market quiet. Cheese. 90s; market firm. The MataLroa and Rnranga have arrived. *