PURCHASE OF N.Z. PRODUCE

Wairarapa Times-Age, 25 October 1939, Page 3

PURCHASE OF N.Z. PRODUCE

NEGOTIATIONS WITH BRITAIN. NO FINALITY AS TO PRICE. (By Telegraph—Press Association.) WELLINGTON, This Day. Negotiations between the New Zealand and United Kingdom Governments for the purchase of the Dominion’s exportable surpluses of dairy produce and meat are still in progress, and no finality as to prices has yet been reached. The Minister of Marketing, Mr Nash, said last evening that cablegrams were still being exchanged on the subject. Though the New Zealand Government has announced the guaranteed prices for dairy produce within New Zealand, it is not yet known whether the British Government’s price will equal the amount of the guarantee. A hint that a price below that of the guarantee was possible, with a consequent loss in the Dairy Industry Account, was given last week by Mr Nash. The price at which the United Kingdom is prepared to buy New Zealand’s wool has already been announced, but the Government has yet to reveal details connected with the appraisal and handling of the wool in New Zealand. So far there has been no indication of the trend of the negotiations in regard to meat, and the prices to be paid to the New Zealand producer.