WHY SO CHEAP?

Auckland Star, Volume LV, Issue 168, 17 July 1924, Page 15

WHY SO CHEAP?

I ijEW ZEALAND BUTTER. I pKOBLEM OP Um>oN MARKET. fflr TciCT-.ph.-SprHal m ■ Star.") ' WELLINGTON. Wednesday. c ™, rfeasons why Now Zealand pro--50 Md a much lower rate in dUCe Jn ti.an Danish dairy produce were W*"ii e Hon. W. D. Nosworthy. f»'"J of -wieulhiro. in the House ST* ***> *° Mr - Langstone (Wa " .aid that the Panes, hy &2 o other countries, had kept f ?Tti-h short of the demand. New *, i h,.tter was not regular in arriS„ f"rmin. he cpant.ties received, "•h butter was supplied weekly to "SJ. and wns therefore regarded as S- Whereas New Zealand butter 7kept in store for good markets, "fwme of it became more or less stale. Th e Minister also inent.oned speculafir, buying as another factor. He had evidence of any London combine "Iratine to tlie detriment of New ZeaP „d The local price for New Zealand •tatter was based on London values, but ,t times the local price included interest, insurance, and storage charges on butter Lid for winter consumption. There were other periods when the local price was coasiderably less.