BUTTER PRICES ANOMALY.
POSITION OF FACTORY SUPPLIES. A peculiar position in regard to butter prices has arisen in connection with the working of the Government subsidy on butter sold for local consumption. Dairy factories that sell butter to be retailed to the public claim the Government subsidy to make up the price to the full export value. The shareholders of a company, however, do not rank as the public, and are faced with the option of buying from their own factories at 2s "d per lb or from thenstorekeeper' at 2s 3d per lb. If this state of affairs continues, it is evident that dairy companies, as retailers to their suppliers, will shortly go out of business. The companies cannot, reduce their prices to compete with retailers except at a loss of 4d per lb. In conversation with a Daily News reporter, a gentleman prominently connected with the industry said that the matter seemed to be one largely affecting the companies and their suppliers, and. the adjustment rested with each individual company.
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Taranaki Daily News, 29 October 1920, Page 4
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172BUTTER PRICES ANOMALY. Taranaki Daily News, 29 October 1920, Page 4
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