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OUR MEAT IN LONDON.

NO HUGE PROFITS BEING MADE

A letter Riving first hand information about, the marketing of New Zealand ment in London has been made available for publication by the Prime Minister It was received as a private letter by an officer of the Agri cultural Dppartment from a friend in in London who, being interested in tbe puhj«c\ made independent inquiries concerning; it :—

••I have your letter of July 22, deal ing mainly wi'h the paragraph appear ing in tbe Now Zealand papers whioh endeavours to show that the Imperial Government were making a large pro fit out of Ngw Zealand meat; I must confess that at oris time I was of a similar opinion, a? there appeared to be such a huge difference between tbe actual f o,b prices paid in New Zealand and the prices on Smitbfield Mar ket, but; on going carefully into tbe matter I found that it. would take the Board of Trade all their time to get their money back, even at the present high range of prices. The Board of Trade was approached in June last, when is was pointed out the difference between f.o.b and Smifchfield prioes, and, of course, asked that a higher price be paid to tbe New Zealand producers, but'received ft reply to the effect that this wag not possible in view of tbe administrative expenses, the cost of sending out vessels in ballast, etc., etc , and they'also got an opportunity of pointing out that the efforts of the Boar! of Trade had resulted in the largest possible supply of insulated tonnage for New Zealand at a time when numerous complaints were being made that private efforts had failed to secure the desired results. The Board of Trade must, of course, provide against; dead loss in the case of damage or deterioration. In con- 1 nection with the London charges, I put them down as follows: —

Per lb. Management rate, one month's storage and' delivery on the market, at 30i per ton .16Extra month's storage lid Commission, at 2 p c, say Hd Administrative expenses (Sir Thomas Robinson's Office) ? Demurrage on steamer ? You will pen that the 4d is exceeded without taking inta consideration at all the office expenses and demurrage which almo.sfc invariably oceura on encb steamer. You will note that 1 have alao put in the extra month's storage, which is always neccessary on account ot delay in discharge and distribution. You see, the storage on meat commenc93 immediately bulk ia broken, and a month's etornge may really be payable before tbe meat has been in store many days.

"As to tho opinion expressed of the producers doing better if they had been left on their own, I must totally disagree with this, as 1 am sure hurl tho supplies nob been controlled they would have been right in the band-* of tbe f peculators, who would have taken all the profit, and rigged the market to suit their own convenience. In any case, supplies must be controlled, as otherwise Mgeots would place unneces sadly largts amounts on the market, bring the prices down, and cause a larga demand with a subsequent ,_hortage.—"Dominion."

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AMBPA19151116.2.14

Bibliographic details

OUR MEAT IN LONDON., Akaroa Mail and Banks Peninsula Advertiser, Volume LXXV, Issue 3505, 16 November 1915

Word Count
529

OUR MEAT IN LONDON. Akaroa Mail and Banks Peninsula Advertiser, Volume LXXV, Issue 3505, 16 November 1915

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