SALE OF HIDES

Wairarapa Times-Age, 6 February 1940, Page 6

SALE OF HIDES

PURCHASE BY THE STATE CHECK TO UNDUE PRICE RISES. STATEMENT BY MINISTER. (By Telegraph—Press Association.) AUCKLAND. February 5. A decision to purchase all hides to ensure tanning requirements, and prevent undue price rises, was announced by the Minister of Marketing, the Hon V/. Nash. “The basis of the Government purchase through the Marketing Department,” said. Mr Nash, “will be the ruling prices for all types and grades of Tides as at September 1, 1939, plus an additional 25 per cent “Arrangements are now being made for the appraisal of all hides offered for sale to the Government at approved points throughout the Dominion, and the Department of Agriculture will provide expert appraisers to carry out the necessary work. Simultaneously with the Government purchase, the Marketing Department will make available the requirements of the local tanning industry by a result to individual tanners on the basis of the Government purchase prices. The balance of the hides will then be available for export, either by sale by tender or by auction to exporting firms, or, alternately, by sale overseas through the Marketing Department.

“It is proposed that the funds received from the export sale at -world joarity prices will be pooled with the returns from sales made' to local tanners and the final net proceeds redistributed in the form of a pro rata payment to all sellers to the Government at regular intervals. The purchase of hides by th Government will commence next week, and I propose to make a full statement early next week, giving all details of the procedure to be adopted and the announcement of the Government schedule of purchase prices covering all classes of hides. During the interim period from today till the appraisal commences all local tanners will continue to draw their supplies in the normal way through the usual sources, with the addition of 25 pex- cent to the current prices they have been paying.”