COMPENSATING PRICE

Waikato Times, Volume 119, Issue 19897, 28 May 1936, Page 11

COMPENSATING PRICE

[DISCUSSION AT AUCKLAND e i BETTER THAN GUARANTEED PRICE i OPINION OF FARMERS’ UNION. (Special Reporter.) AUCKLAND, VVodnesdey. In. discussing a remit from Whansa'rei to the eflect that a Substantial pro—portion of the new credits proposed to be issued by the Government should be put into circulation by the payment to farmers of a compensated price such as would restore their equities, Mr W. B. (Junnnins. of ’l‘aupiri, sug—'sested that the compensated price" iwas really another form of guaranteed Iprice. He was in favour of the prinvciple behind the compensating price, ibut he considered that to put the Govicrnment in the position of having to (alter the name would be a bad tactical ‘move. I Mr J. H. Furniss (Buewaro), dis,agreed with this View on the grounds lthat the word “guaranteed" suggested Ia measure of Spoondeedlng to the itarmer, whereas all that was asked if“ was compensation for increased local costs and ensuring to the farmer that he would obtain his proper and, Just share 01‘ the exchange value of his exported produce. Captain F. Golheok, .\iorrtnsville. considered that all the farmers asked was to he allowed to buy in the market ‘in which they sold. The proposed “guaranteed price" did not. ensure any: real measure of compensation for the 65 per cent. advantage over the ex-i porting farmer enjoyed by the locali manufacturer and his workers. The! cmnpeusated price formula was the first plain statement of the exporting farmer demand for justice, and should be fully supported. Appeal for 00-operatlon. The, president, .\ir .\ieilsop, appealed to the meeting to treat the matter in n lnwad—mimimi \\ny, He considered ithnt the prinriple nt‘ CUitlllCllitliit)” \\‘as implied in the “guaranteed price,“ as outlined by the Minister and that the Minister would he well advised to work in as titl' its possible with the Govern—lllt‘tlt. I I in giving it briri‘ history of the rom— Ipvnsaiing price srhrme, Mr A. El lich—ginsnn said it was m'ulved originally its {it reply to :L chztlli-nn'o h)‘ the local lmunul'm'iurcrs. There was a grout] prin-I‘iple involved \\'hit'h must not. he io‘ltscurvd it} pnssihiv trinpnrnrh~ hunc—iiits yirt‘n the t'urinrr hr tin: present :thn'ul'ninont. The future had to in: iconsidereit ’i‘ln-rc \\as a world of dif—-ii’nrt-nrn lu-tuuen n “guarantee" of a] curtain who in iiil' 11-‘lilli't' of n gift; or subsid) to tht' t'ni‘nu‘r, :ind "i‘tllll-i pulsation“ for ”10 «:runrnnit' injlislicci resultingr from high [drills and iiltiUb-' itrin] legislation. i i Amendment Moved. l«‘utlt>\\in;.:' an Htllt‘ildlllt‘llt that the \\urd "guaranteed" he inserted before the “uni “rotnpensuted” in the remit both .\iessr.‘ Furniss and ltohtnson stressed the fact that the use of the [\\n \\orrls together imolwd a contmdil'tinn in terms. | "Hip \\nt'ti “:4u.n-.nnt-r~tt” ii-ninzz hw‘n il|>t‘l'i\'li it} .igrurtnt'nl imi'nru ”t'Onl‘i‘ pensiited.‘ the Ul'ic'llldi runnt \\J: 1111- l ally carried.