BUTTER CONTROVERSY

Sun (Auckland), Volume II, Issue 609, 11 March 1929, Page 10

BUTTER CONTROVERSY

CONSIGN OR SELL C.1.F.? QUESTION DISCUSSED (Australian and. N.Z. Press Association) Reed. 9 a.m. LONDON, Saturday. The question whether it is wiser to sell butter on c.i.f. terms or consign it appears to have been a subject of discussion in Australia recently. The top price for Australian butter this season was 186 s, which was realised at the end of December and the beginning of January. At that time there were considerable quantities arriving which had been sold c.i.f. at about 20s less. Now the boot is on the other foot, for the price here is 170 s, and butters are arriving which were bought on c.i.f. terms at 1795. Discussing the subject, one of the leading importers said: “The question whether to sell c.i.f. or consign has been always, and will be one of the chief problems facing shippers. If anyone could accurately forecast the course of the market for a month or two he would be able to make his fortune, but the unexpected is always happening and upsetting anticipations. For instance, everybody thought the Australian and New' Zealand shipments would have fallen off considerably ere this; but the contrary has happened, and those of us who bought c.i.f. are suffering in consequence. But, taken over a number of seasons, the losses and gains will probably be found to balance each other.

MERCHANDISE MARKS

IMPORTED TEA TO BE EXEMPT British Official Wireless RUGBY, Saturday. The Board of Trade committee under the Merchandise Marks Act has decided that the practical difficulties of marking each packet of tea with an indication of its origin ■would be so serious that it does not recommend that imported tea should be marked.