PRICE OF BUTTER.

Auckland Star, Volume LII, Issue 212, 6 September 1921, Page 7

PRICE OF BUTTER.

A TEMPORARY DROP. ( HIGHER RATES EXPECTED. (By Tciesraph.—rress Association.) ] WELLINGTON, Monday. Cablegrams continue to show a de- ! dining butter market in London. It docs ' not, however, follow that the new make - of Xew Zealand butter, which will arrive * in London in November, will realise no ' 1 more than the current rates. New butter ' will arrive at the beginning and all •' I through the Northern winter, and up to ' : April sales are confidently expected to ( realise a consistent equivalent of 2/ to * 2/1 a ft, f.0.b., in bulk. 1 i The Government butter, referred to in ' a cablegram published to-day as having ' been reduced to 242/ a cwt, was old butter that had been long in store. It is I ' understood that all offers for the pur- i ! chase of new butter for shipment over- I seas have now ceased, and thus practi- < cally all the exportable surplus will go i .to England on consignment. The Van- i ! couver market will also be kept in view, i The- local wholesale price for butter < ! to-day is 2/11 per lb In pate and de- i I livered, Retail business is being done at 1 ! up to 2/3 in Wellington. I THE EQUALISATION' PAYMENT. • ( ' I The Imperial Government Supplien j I Department point* out that the Govern- ] ment equalisation payment of 2d per lb, bettor known <ih the butter subsidy, doon \ net eever all butter manufactured to August 31, but will be paid only on butlUt sold nnd delivered to retailers for ' t heuaeheld consumption up to August 31, and provided such sales nro not In exeeea , ;of normal dally sales to such retailers. Sleek was taken of all butter on hand at factories, cool stores, and distributing houses on ihe evening of August 81, and I all such butter Is excluded from equalisa- | lion payments. On any butter sold at prices exceeding the fixed maximum prices equalisation payment is reduced , j by the amount of such excess price, 1 ■ , i