BUTTER PRICES.

Auckland Star, Volume LXI, Issue 210, 5 September 1930, Page 7

BUTTER PRICES.

A FURTHER FALL?

Serious Effects of Nations'

Tariff War.

AUSTRALIAN VIEWS\

(United P.A.—Electric Telegrapli—Copyright)

(Received 11 a.m.)

SYDNEY, this day.

At a conference of the representatives of the co-operative butte'r factories of New' South Wale. Mr. C. E. Meares, chairman of the Co-operative Distributors' Society, said that the economic tragedy of the moment was the tariff war raging between the nations in which Australia was deeply involved. This, coupled with the fall in the purchasing power of consumers everywhere, left the primary industries hi a serious position. It was also apparent that the flood of foodstuffs into Britain was increasing, and butter prices in London would certainly be lower than last year. The average price of butter was already 2Jd lower. They should tolerate a multiplicity of sellers in England, lie contended.

The conference approved of the movement in Britain for the intense development of trade within the Empire, also of the principle of tlio standardisation of grading of Australian butter.

UNEMPLOYED WOMEN.

PROBLEM IN N.S.W.

(Keceived 11 a.m.)

J SYDNEY, this day. The Minister"! of Labour, Mr. Farrar, stated that there are 5000 unemployed women in the State, of whom 1200 are receiving food relief. A scheme is to be launched whereby it is hoped to absorb hundreds of girls as domestics.

SALARY CUTS.

VICTORIAN ECONOMIES

(Received 10.30 a.m.)

MELBOURNE, this day.

The Premier, Mr. E. J. Hogan, is submitting to his colleagues as an inevitable step in the economics of the Government expenditure, a reduction of public service salaries, probably by 10 .• 121 per cent.

WAR DEBTS AND CREDIT.

PLAIN HINT TO AUSTRALIA.

("Times" Cables.)

LONDON, September 4.

The City Editor of the "Times" says Australian securities have been unfavourably influenced by reports indicating a disagreement in Commonwealth Ministerial circles about the balancing of the Budget and the reluctance of some elements to accept the necessary sacrifices.

The suggestion that Mr. Scullin should seek relief from Australia's war debt to Britain rather than prosecute internal administrative economies which might hamper development, says the writer, is hardly sound, for one of the causes of Australia's troubles has been too rapid expenditure on development, which should be retarded until a more propitious time arrives.

The consequences of overtrading are as bad for Governments as for companies. Britain's own burdens make it impossible that she should pay the cost of Australia's development, thus relieving Australians of the necessity of bringing their expenditure within their income or accepting additional taxation themselves.

Australia could not tamper with her war debts without injuring her credit. To falter in the task of placing her affairs on a sound economic basis, which she has begun none too early, would undo the good already done and make harder the eventual work of reform.