DAIRY PRICE FORMULA.
EXPLANATION B-y MR. NASH. (By Telegraph.—Parliamentary Reporter.) WELLINGTON, Wednesday. The procedure adopted in determining the guaranteed price for dairy products for the current season was explained by the Minister of Marketing, Mr. W. Nash, in the House .of Representatives to-day, in answer to a question by Mr. W. J. Broadfoot (National, Waitomo). The point raised by Mr. Broadfoot was that a weighted average gave a price of 115/6 per cwt f.0.b., whereas a price average gave a figure of 123/11. "The guaranteed price was not based on the Year Book figures," replied the Minister, "but on the .butterfat payout ( return made by. dairy factories to the Government Statistician."
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Auckland Star, Volume LXVII, Issue 233, 1 October 1936, Page 16
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111DAIRY PRICE FORMULA. Auckland Star, Volume LXVII, Issue 233, 1 October 1936, Page 16
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