COMPENSATED PRICE.

Waikato Times, Volume 119, Issue 19894, 25 May 1936, Page 15

COMPENSATED PRICE.

._———.———- \ ENDORSED BY DAIRYMEN. ) MEETING AT HORSHAM DOWNS. “At the Dairy Conference held in Wellington 3 short time ago the principle of the compensated price :for dairy produce was unanimously endorsed," said Mr D. Bruce in introducing Mr J. H. Pennlket. of Hamilton. to a meeting of farmers and others interested at Horsham Downs on Saturday evening. Mr Bruce also said that the Farmers' Union was organising definitely on a Dominion—wide cempaign in an endeavour to secure the compensated price (or next season. Mr Penniket. who addressed the meeting at some length. began by stat- , ing that he was only one of several speakers who were holding meetings all over the Dominion in connection with coming changes in the position of the dairy farmers. The Government would be taking over the marketing of dairy produce and proposed to pay the farmer a guaranteed price for his product. It was up to the farmer to see that the price would be one which made up the disparity between his costs and his returns, which. disparity had been his chief handicap in the past. At the request or the Auckland Farmers' Union he had undertaken to deliver a number of lectures on the subject to Waikato farmers. The speaker quoted from the Primary Products Marketing Act, recently passed by Parliament, to prove his contention that the principle of the compensated price did not go outside the declared objectives contained in the Act. The rest of his address was on lines similar to one reported in these columns last week. After answering a number of questions Mr Penniket ‘was accorded a hearty vote of thanks. At the conclusion of the meeting a number of those present joined the ‘local branch of the Farmers‘ Union.