COMMERCIAL.
AUSTRALIAN BUTTER, j ! .1 PATERSON COUNTY SCHEME. - | i FAR-REACHING EFFECTS. | ! SYDNEY, January 1. The expedient known as the Paterson scheme, adopted four years ago, under which the butter producers in Australia subsidised the export trade through a levy on local sales, has had a far-reacblng effect. Among these has been an additional return during the period mentioned of £10,000,000 to the producers, and a correspondingly added cost to the Australian public for butter for local consumption. The condensed milk export trade is also feeling the effects of the high cost of butterfat. A leading firm, which has been paying 3d a lb extra, now finds it cannot compete with overseas manufacturers, and announces a reduction in the price payable to milk producers by the equivalent of Id per lb of butterfat in New South Wales, 3V£d in Queensland, and l%d in Victoria. The matter is being considered earnestly by interested sections of the milk-produc-ing and manufacturing industry, in the hope of saving the condensed milk business.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19300102.2.47
Bibliographic details
Auckland Star, Volume LXI, Issue 1, 2 January 1930, Page 5
Word Count
167COMMERCIAL. Auckland Star, Volume LXI, Issue 1, 2 January 1930, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.