HARD TIMES AHEAD

Sun (Auckland), Volume III, Issue 780, 28 September 1929, Page 12

HARD TIMES AHEAD

FARMERS ON TAXATION RECONSIDERATION URGED (Special to THE SUK) WELLINGTON, Today. „-A resolution protesting against the Government’s taxation proposals was reaffirmed at a specially convened conference representative of the Dominion Executive of the New Zealand Farmers’ Union and the Sheepfarmers’ Federation today. A depuation was appointed to wait on the Prime Minister. Commercial interests supported the protest, realising that a blow to the agricultural industries was a blow to their success, said Mr. TV'. J. Poison, M.P.. president of the Farmers’ Union, who presided. No amendments had been made to the taxation proposals in principle, and there was still the glaring injustice of taxing a man “up to his eyes in mortgages.” He considered that the Government had been misled by certain of its permanent officials into an ill-advised step, and held the farmers were perfectly justified in asking for a reconsideration of the whole measure. Mr. H. H. Duxfield thought it was hopeless to try and secure an amendment. He moved that the conference ask that the proposals stand over for some time. His views were echoed by Mr. J. H. John, who seconded the motion. That tho measure would cause further depression and make the next 12 months a very difficult period was the opinion expressed by Mr. J. S. Jessep. The meeting carried the following motion: “That this conference reaffirms its dissatisfaction with the proposals of the Land and Income Tax Amendment Bill and expresses dissatisfaction with the proposed amendments. It asks the Prime Minister to incorporate the resolutions passed by the primary producers on August 22 in further amending legislation, and that this legislation be not made retrospective.” N.Z. FARMERS’ CO-OP. £33,000 IN DIVIDENDS Press Association CHRISTCHURCH, Today. Tho annual meeting of the shareholders of the New Zealand Farmers’ Co-op. Association approved the payment of one year’s dividend of 6 per cent. on first preference shares, amounting to £9,000, the payment of two years’ accrued dividends of 6 per cent, on A preference shares, amounting to £24,000, the transfer of £IO,OOO to the special reserve account, the transfer of £5,000 to the reserve against alterations and plant, and the carrying forward of £19,132. TE AWAMUTU STOCK SALE The New Zealand Loan and Mercantile Agency Company, Ltd., Hamilton, reports that the firm's Te Awamutu sale oif Thursday there was a large entry of fat cattle, sheep and dairy cattle to a good attendance of buyers. Beef showed a slight decline in values compared with late rates. Medium fat bullocks made £l4 15s to £ls 2s 6d; small ditto, £ll 12s 6d to £l2 19s; heavy fat cows, £ll 12s 6d to £l2 ss; fat cows, £lO to £lO 15slight fat cows, £8 to £9 10s; kiliable cows, £6 10s to £7 12s 6d; Store cows, £5 5s to £6 ss; boner ditto, £2 10s to £3 10s; yearling heifers, £4 15s to £5 Is; others, £2 17s to £3 14s; fat ewes, £1 7s to £1 12s; fat hoggets, £1 9s; wether ditto, £1 Is 6d to £1 3s 6d; dairy heifers (best). £l2 to £l2 15s, others £lO to £ll 10s; backward sorts, £7 to £9; best dairy cows, £l2 to £l3; others, £9 to £lO 10s; heavy porkei's, £3 to £3 ss; others, £2 14s to £2 16s; stores, .£1 15s to £1 18sslips, £1 Ss to £1 12s; weaners, 16s FISHY FLAVOUR IN PORK EFFECT OF CLOVER A new theory regarding the "fishy” flavour reported in New Zealand pork sent on to the London market this year was advanced by Mr. Hallyburton Johnstone at the annual meeting of the Auckland Farmers' Freezing Company on Friday. Clover fed to pigs prior to killing gave a fisliy flavour to the pork, stated Mr. Johnstone. Experience in tile “Waikato several years ago had proved this. LONDON METAL MARKETS (Australian and N.Z. Press Associations (United Service) LONDON, Thursday. <Q Or?^l on V Jr \ Sc gi'„ 23 in Parentheses.) -aV. OP .t er —•-‘ 3 lSs 10Jd (£74 Is 6d). hr6e month£ > - 7i 9s 4id (£74 10s (Copper.—Spot, £S4 10s as) > three months, £B4 15s- (£S4 Wire Bars—£B4 15s <£S4 15s). Lead—Spot, £23 13s aa (£23 l”s 6d) - three months, £23 n s sd (£2 3 13s) ’ Spelter—Spot, £23 11s 3d (£24 Is 3d)three months, £23 ISs ad (£24 7s 6d) ’ Tm.—:SPOt, £203 6s 3d (£205 4s «'■ three months, £207 Ss 9d (£209 13s) " an S ozf r fltg, ta 2 n 3 fg r lo3 a ?.ild 1 ) 6d (2S 7 ' 16 « FEUDING STOCK SALE Press Association FEILDING, Friday. I Feildj 'n* stock sale the prices X S t , s Sh s e | , ll vvan“ 5 1 n “5 late rat?s b? i to is ba a head, istore sheep ! of poor quality, were hard to" sell. Store I cattle were in good demand and dairv I ca^i le s °ld well at late firm prices. ee «R : Fat hoggets, prime, 31s to S6s; food. -os JOd to 30s; fat ewes, 20s to 29s id; fat wethers, 26s 9d to 29s lOd; stc.r e ewes_ with over 100 per cent, lambs, 30s inferior lines, 26s 6d to 30s; in ?-J°KJ ard to 17s 6d; empty Z?l e Jh J‘ s a( i> hoggets, to 35s 3d; ? hoggets, to 23s lOd; wether hoggets, to 24s 9d. t-T) ai ri’ i a , l P e: Springing heifers, best, -,11 to £l4; good, £9 15s to £lO 10s; inferior, £7 to £8 las; springing cows, I?® to £l 3; good. £lO 10s; inTi 1 i los ,f, 6 „ 17s 6d - Fat oattle: Best bullocks, to £l6 15s; cows 14 6d (equa! to 42s a 1001 b); store darling Foiled Angus steers, £7 10s; Polled Angus cows and calves, £5 7s 6d to £l2. *a entry j ot ’ two-year Aberdeen Angus bulls made 26Jgns to Coigns. BUTTER AND CHEESE Merchants report receipt of overseas cables as follow: Newton King, Limited, from R. and 17: “Butter: Market firm; salted, ITSs to unsalted. 17$s to ISOs: wheys: firsts, 1«0s: seconds, 1665. Cheese: market firm; white and coloured, 945.