BUTTER PRICE.

Taranaki Daily News, 6 September 1920, Page 4

BUTTER PRICE.

DECISION POSTPONED. COMMITTEE OF M.P.'i TO DECIDE* (By Wire,—Parliamentary Reporter,) Wellington, Last Night. The Prime Minister lias stated that a committee of the House will be set up this week to consider the price of batter in the local market, and make a recommendation to the Government. 1 ' The committee, whatever its personnel may be, can scarcely avoid recommending an increase in the present maximum % price of butter, to have effect as soon as the supply now held in stores from last season is exhausted. The consumption of butter by the people of New Zealand is at the rate of twenty pounds per head, and the additional subsidy required to 1 maintain the present retail price, Id the face of the increased export price, would be well over £1,000,000 annually, The Minister for Finance has Indicated plainly enough that the Treasury i* not prepared to accept additional burdens Oty this scale. THE -NEW CONTRACT. DAIRY COMPANIES ACCEPT. ' By Teleerapii.—Press Asaoolitlon, Palmefston N.,' Sept. 4 A conference, representative of dairy companies in the Wellington provides, met at Palmereton North yesterday. A motion was carried endorsing the tecommendation of the butter committee to accept the offer of 260s from the Imperial Government for the ezportabli surplus, and, also recommending the committee to inquire into the potltioß regarding points payment in the tralian contract, so as to include thl same in the New Zealand contract.