GUARANTEED PRICES.

Waikato Times, Volume 119, Issue 19902, 3 June 1936, Page 9

GUARANTEED PRICES.

BASIS OF PAYMENT. EXPLANATION BY MR NASH. , In an explanation =0! the Prinrary Products Marketing Act. in the ‘.\e\v Zealand Exporter, the Minister of Finance, the lion. W. Nash, comments on the basis on which the guaranteed price will be determined. For the first )‘cur, to July 3!, i 937, the price to he paid win be based upon an average 01' prices over the eight to 10 years ending July. 1935. After that. the following factors will ihe taken into consideration : (1) Prices received in previous years. ('1) The necessity, in the public in—terest, for maintaining the stability illill efficiency 01' the dairy industry, This paragraph was inserted for many reasons, but particularly in en—sure that the right price was paid for cheese. There is ll need for a bai—nncc as between butter and cheese, or else one will he swampng the market. nmi destroying the price level for both. (:l The general standard 01' living: 01‘ persuns engaged in the tiuiry indus—try in comparison with the gerrl‘ui .\izimiurd ut' living throughout New Zealand. This means that the price when iixed \\'ili hm'e to take iniu ncr‘nimt the total prmlnriion 01' the immininn us nices—-iii-mi li)‘ lllt' national income. 3 i] The rests involved in the effici—-«-nl prminriinn ni‘ iinir‘y~ prmiurt‘. Tin-so rnsls urn v‘lliiiliilt‘tliy \'tli‘ltiilit‘.‘ hut, in the extent ilmi they run he .is—\l‘l'lililH‘il, tin-y will he lilkCll inin iii‘—‘ count. I. ’i'iiv ostinmtmi cost in the lie—|.ii‘|iii“|li ni' mark-Win}.r tim dairy pl'm {Hire runl'wi‘nvvi: Him liii' rust ni‘ iim .i-livi'ni mimlnisirniinn ui' Hil‘ .\i'i. «it .\H) Ulili‘l' iii‘iill‘i' tit'l'illi'il l't"| ~ Lint. ' 'i'liv- :vnvi'ni nihil‘n'iiu- is ~limnuwi llll.‘ 4” .In t'\i'iiil|.tllil')' uutc, \\liii'il stain» " ivm- rI-znrii Inningr in-vn paid in tun-l wu-rni illiliit’i‘\' inrniiunmi in stillwi‘iinn l'uur iil-ri'ui'. liil' prim-s li\wi in I‘. >||l'('| M' :1 iii') ]ti'||liill‘l‘l‘\illii'|i'i[ .ll'loi‘ 111]) 111. 111357, simll 5w .\iii‘il llmt :in viiivil'iil prminim'l‘ vilZJL'mi in the dairy iiriihir} Hinlni' li\iitli ('“ll'iiiiliil~ and} iii nui‘mni 4":'l'lii||.‘i.tlli'l'h \iitiilili in- .1» , ‘Hl't‘il w: .I >llliii'il'lii nl~| I'l'lili'li ti'nnli Le lill‘-i]!t"‘\ In (“ililiili‘ him in Hiillll" mm iv'm-wii .iini iii~ Mimi: in u i'L‘ilV‘ :~.‘il;ii)ic slate -ui‘ comfort." 1