PRICE OF BUTTER.

Auckland Star, Volume LI, Issue 237, 4 October 1920, Page 5

PRICE OF BUTTER.

Inquiries made to-day elicited the iv formation that some firms who are quiti out of last season's make of butter an now drawing on stocks of new season's which they are distributing to retailer; at 2/7* per lb, which allows 2/(i fo the producer. Retailers will therefon not be able to sell this new season' butter under _/10 per lb. Advice from Wellington by wire to-<la; is that stocks of last season's butter ar. now about exhausted, but the Govern ment cannot determine the price a which the new season's make is to be re tailed until the Parliamentary Commit tee's report is submitted which is expectei to lie ready in a few days. In the mean time, as stated, new season's butter i being distributed at the advanced rate but should the price be fixed under 2/1 to the producer, by a subsidy or an expor tax, the rebate will, of course, be made t. those who have paid the advance price. INVESTIGATION COMMITTEE'S REPORT. EXPECTED TO-MORROW. tS-peelal Correspondent.) WELLINGTON, this day. The Butter I'riees Investigation Com mjttee has completed taking evidence, o which it has had a plethora, and is no\ busy with the preparation of its report It is expected this will be ready for pre sentation to the House on Tuesday. Th great bulk of the evidence has come fron dairy farmers, who almost with on accord have insisted that butter-makinj has been carried on at a loss during tolast two or three years, and that ever; penny of the export price will be re {fuirej to enable tiiem to can-y on du-rroj the present season. In this eontentioi they have been supported by higl authorities, including officers of the De partment of Agriculture, and it is toler ably certain their view will be cndorsei by a majority of the committee. If tin consumer is to obtain any relief itj wit come through the O-iisolidaterl Fund. I _