FINANCE AND COMMERCE.

Press, Volume LXVII, Issue 20274, 27 June 1931, Page 18

FINANCE AND COMMERCE.

DAIRY INDUSTRY. UNIFICATION OF CONTROL. REPORT TO ASSOCIATION. IT2ESS iSiOCIATIOS TILEORAM.) NEW PLYMOUTH, June 26. ■Recommendations for the unification of control of the dairy industry were fubmitted to the National Dairy Conference to-dav by the committee set up for the purpose. The report of the committee was discussed for the greater part of the day, the discussion largely revolving round methods of election of the Dairy Board. Eventually the report was divideS into two parts. The first part, which was held over for subsequent consideration, stated:— It; view of the economic position of the dairying industry there is urgent need for immediate action in co-ordinating the various service units of the industry to bring about improvements in the quality of butter and cheese to meet competition on the overseas market. The conference will recognise that with the limited time available for deliberation, the committee is unable to do more than to outline a comprehensive plan for the co-ordination of the service units without exploring some of the methods of application which might expose weaknesses, but to meet the urgent need of the situation the committee unanimously suggests some temporary measures for immediate applicati&n. ; Basis of Election. If the Dairy Produce Board is to be the administrative head of the industry, the committee is convinced that the present method of election of the Board is not in the best interests of the industry. The suggestion is therefore made that the basis of election of the Board should be by the votes of dairy company directors, who have been elected by producers electing district committees who would elect a Dominion Council and who, in turn, would elect the Dairy Produce Board. This Board should be given legislative powers to administer the internal affairs of the induetry, to take all disciplinary action, » to enforce the carrying out of the dairy regulations, and that the dairy division should act in |ta advisory capafcity to that Board.

Duties of Dairy Division. The second portion of the report, which was adopted, states that the dairy division should carry out the duties of farm dairy instruction, instruction and disciplinary measures in : cheese and butter manufacture, grading i of produce in New Zealand, and in- . apeetion overseas. To complete such a . plan the committee suggests it should again meet within nine months, and after the fullest investigation, bring down a comprehensive report and submit it to the industry for subsequent consideration in conference. To meet the present urgency the f?or>mittee suggests that the Board as at present constituted should be given by Order-in-Council for a period up to August 31st, 1932, the necessary powers to administer the internal affairs of the industry, such powers being limited entirely to questions relating to the enforcement of the regulations under the Dairy Industry Act. The temporary . pleasures advocated are: (I) That there should be the utmost co- * ordination of service between the Hamilton and Hawera : laboratories and the Dairy Beseareh Institute; (2) that the Dairy Beseareh Institute should be given a free hand in investigating the manufaeturing problems of the industry. 4 Advisory Members. The Director of the Research Insti- , , late should attend all meetings of the - Board in a similar capacity, and that the North and South Island Factory Managers' Associations should nominate operative members of their Associations to attend the Dairy. Board meetings, and assist the Board in its deliberations on mantffacturing problems, one manager *, being nominated for each meeting and . two if deaireS by the Board. In this v connexion it is further recommended . (hat conversations take place between ' the Factory Managers' Associations, Dairy Produce 'Board, and officers of - ,the Dairy Beseareh Institute, with the idea of giving the managers an improved status either by license or by '' gradual registration under a charter; r that the director of the Dairy Division . should supply the Board with regular t gndings of individual cheese and but- '' ter factories, reports on factories in- * fringing the regulations, and reports v from the Division's officers in the Unlted Kingdom; that any necessary action .: #£ a disciplinary nature, in regard to > faults in manufacture and infringe- > me&ts of regulations should be taken by the Dairy Produce Board. *" A remit was passed by four votes advocating the compulsory grading, of " r -«Billt. A remit seeking the exemption of 'I- the dairy industry from the operation of the Industrial Conciliation and Arbitration Act was amended, and adopt'•din a form favouring compulsory con- : filiation and optional arbitration; FARMERS TRADING COMPANY. Mr J. Brodie, chairman of the Auckland Firmtri' Trading Company, departmant •torn, informed ahareholders the other day tint "while a profit of oyer £50,000 may seem large, 1 would remind you that our retail and wholesale turnover for the past year hi u exceeded one and three-quarter million ftfonds sterling, so that £50,003 represents iesa . than 2 fex cent. net ; profit on our sales. which I am sure no one hero will consider ' exorbitant." '" The company paid 8 per cent, this year. -• The chairman reported increased sales this jfloar. The time-payment section of the business was going too far, said a shareholder, who Hid ha was convinced that the firm should call a halt in thatdirection. -Mr Robertson yt,{4 that he agreed with the speaker that tb* Una should watch all credit operations, lmt that at the same time it was the policy to treat all farming clients leniently in view of the hard times. CO-OPERATIVE WHOLESALE •SOCIETY. Another delegation from the "Co-operative - * WhMeaale Society .of England will visit New * island in connexion with extending trade -■% relations. The society is already a large ciistomer for New Zealand dairy produce and :• mast, and ft recently mode a very suoceesful ' attempt to introduoeNew Zealand, dsuy produce into the deneelypopuJated Manehes- ' tmt sm. Mr H. i. A of .nil •acisty, with Mr W. T. Charter (who ~ !im visited New Zealand before); - will leave '' Soutluuoptott in the Rangitane for New ZmUnA on July Brd. They will personally eoafer with producers. The eociety is itself a m»nuf«cturer of a great variety of goods from textiles to scsps, boots' and shoes io goods, and is. endeavouring to. si its espon trade with New Zea- * Isjul in order to adjast its already heavy ajgjggw*' trads o( Kew Zealand primary pro* |hh||^

(CONTINUED.)

EMPIRE TRADE NEEDS. PRICES OF BRITISH GOODS. GARMENTS WILL NOT WEAR OUT (*aOlt OUR OWH COBBBSPOKDEHT.) LONDON, May 21. The Earl of Athlone, lately returned from South Africa, was given a luncheon by the British Empire League this week. Lord Stradbroke, who presided, remarked that everyone realised that South Africa was not the easiest of our Dominions in which a GovernorGeneral was called upon to carry out his duties. But by the exercise of his tact and judgment Lord Athlone had the great compliment paid him of being asked to stay on after his normal term of office, and he had been in that position for seven years. No doubt ho would admit that Princess Ali<;e had been of great assistance in his arduous task. (Cheers.) Lord Athlone expressed the pleasure he had had' in. entertaining representatives of the Empire Parliamentary Delegation in 1924, the representatives of the Chambers of Commerce of the Empire in -1927, and not long ago the British! Association, under the presidency of Sir Thomas Holland. These visits were all to the good, and did assist in welding together the many peoples Tyho made up the wonderful association of free nations by the friendships inade during. such visits. ; "I have purposely used this expression ffree nations,' " .he said "because having the welfare, of the Empire at heart,-1 realise the importance of recognising this- fact in our dealings one with the other. I feel certain _ that thou'gh/each one of the component parts of this association of free nations may not always be in agreement, yet there is not one that does not appreciate the important, position and prestige which are theirs lry righit as members of the British Empire under his Majesty the King." Turning to trade affairs, the Earl spoke> of the Prince of Wales's talk to the ' business menof Manchester, and went on,:

"In 1901 I had the honour of accompanying his Majesty the King on his long voyage. of eight months in the Ophir.- Many of you will remember | his speech at Guildhall on his return, when he used those memorable words, i 'Wake up, England!' It seems, alas, necessary to have a 'wake-up' speech lin each generation! (Laughter.) j "Some of the older people are accus- ' tomed to wear articles of clothing for • many years, and are loath to part with ! a garment Which will not wear out. In New Zealand- a; business man told me that a traveller produced some boots to 1)6 sold at 90s a pair, and when told that they wanted boots at 12s 6d because ,people only wished to wear them a months, the answer was 'We. make' articles that last.' must remember the young generation' do not require clothes to last so r long, because they prefer more constant changes. I know British manufacturers- are second to none, but *if purchasers prefer the cheaper- an>l inferior articles, for goodness' sake let us fall into line and keep the market. (Cheers.) " . - ; "In South Africa there are. practiv cally no English cars, but thousands of cheaj* American 'cars are shipped weekly to be assembled, at the coast 1 towns, and although there is a desire to buy Brir tish goods the price is so often prohibit tive. Complaints have been made about South Africa not -buying: engines in England', but-1 must*.point out ; .that itis a little difficult if the difference in price comes to i£ 30,000 or £40,000. I am glad to say,, however,; that South Africa has been buying larger quantir ties of materials from this country; (Cheers.)'.' ' V,,;. : "l am;-.no* one of those worry in the , slightest aliou the. Empire. I know .thefe, has b£en V feeling thaf everybody is getting a little too much freedom, but I feel if we give people freedom there is far more chance of their realising that freedom carries responsibilities, and that we really a brotherhood constituted of different parts of the Empire. ' That the British Empire is one of the greatest assets to civilisation is, I think, generally realised." 'BUY MORE WOOL" CAMPAIGN. MR W. PERRY'S PROPOSAL. In his presidential address at the an* nnal conference ofthe-Royal Agricultural Society at Wellington the other "day Mr W. Perry said ithat there was every reason, to' believe that" a "Buy More Wool" campaign organised' in New Zealand would have a very beneficial effects ori the . woollen industry in New Zealand. That New Zealand people respond to good advertising Had been proved beyond, doubt.' One- had only to note the- big scale of advertising >y both retailors and manufacturers to tear lise that these people : wouli hot go ,'on with the ganie' if. it did not pay. 1 Moreover," the - fi Eat Mdre Beef»: campaign of the Zealifnd Meat "Producers* Board of five .or six yeari ago, was a complete success.' There, were twelve woollen mills in New ' Zealand. They uafed'a JtotaVof 6,020,063 gonads of wool annn£illy, produping goods 1 to a value of £1,236,578. These figures indicated that the 1,488,595 people in the Dominion purchased auntially less than £1 worth of- New Zealand-made woollen goods each. They undoubtedly purchased woollen goods from England and America, but there was no guarantee that.these goods were made with New Zealand wool. Cost of Campaign. " There are twelve woollen factories and 30,022 sheep flocks in New Zealand, consequently the cost of an extensive advertising campaign spread over these factories and owners of flocks -would be. very slight in.. comparison to the gain,obtained. A, greatly consumption woulfl probably mean a rise in' prices to the producers; and a greatly increased output would mean & lessening of overhead charges to th&' and a ?cotresponding re-. 1 du&tion in the market price of the paauuI factored article. <This in turn - would stimulate aistilj further increase ins sumption. "The results of the 'Use More Wool? eampaign condticted in Australia last month: resulted .iri shopkeepers and manufacturers doing increased, business owing to the 'greatly increased demand for woollen goods, '' concluded Mr Perry. "For a week ain Immense amount of publicity was given to Anstr&Uan-produced woollen articles, apd the people were urged to ask for woollen goods."

GRAIN AND FLOUR.

ENGLISH MARKET PRICES. (ujottd pbesb association —bt ■ electsio TBLBOBAPH—COPTKIOHT.J (Received June 26th, 5.5 p.m.) LONDON, . June ,25. "Wheat cargoes are steady, with good business ' being done. Parcels are being held lor 3d and 6d advances. Futures — Per* Quarter, s. d. London: Juno .. 19 10 September . . .. 20 1 December ~ ■ »... 20 9 Liverpool: Per Cental, s. d. July .. ' .. 4 21 October . . «. 4 5y .December . . 4 7J The spot trade is dull, and occasionally lower. Flour is being steadily held. •Australian, ex store, 18s to 18s 6d, Oats, dull. Peas and beans unchanged. CHICAGO WHEAT. (Received .June 2Gth, 5.5 p.m.) NEW YORK, June 25. Chicago wheat quotations: Cents per bfishel. June ... .. .. 651 July .. ... .. 57 J September . ■ .. 58} DocemDei- ... .. .. 621 VICTORIAN PRICES. (CNITBD PRESS ASSOCIATION —BX ELECTBIC TELEGRAPH— COPYRIGHT.) MELBOURNE, June 26. Wheat, 2s 6Jd a bushel. Flour, £6 15s a ton. Pollard, £4 15s a ton. Bran, £3 Iss a ton.- . Oats, 2s Id to 2s 2d a bushel. Barley, English, 2s 7d to 2s 8d a {jushcl, Maiza, 4s 3d to 4s 4d a bushel. NEW YORK CALL MONEY. (Received June 26th, 5.5 p.m.) NEW YORK, June 25. The call money rate of renewal stood at 11 per cent, all day. DAIRY PRODUCE. LONDON QUOTATIONS. (f KITED PRESS ASSOCIATION—EI ELECTRIC TBLEGBAPH —COP YBIGHT.) LONDON, June 25. The butter market is slow. Quotations are: Danish —117s a cwt. Choicest salted—New Zealand, ' 109s to 110s; Australian, 104s to 105s. Unsalted —New Zealand, 110s to 114s; Australian, 106s to 108s. The cheese market Sb quiet. Quotations •re: — New Zealand—White 52s to 535; coloured 56s to 575. Australian—White 52»; coloured 55s to 565. The National Mortgage and Agency Co. of New Zealand, Ltd., have received the following cablegram from their principals, A. J. Mills and Co., London:— Butter—Market slow. New Zealand, finest 109s to 110s, unsalted 114s, firsts 108s, Danish 116s to 118s, Australian 102s to 1045.' Cheese—Market slow. New Zealand white 53s to 545, coloured 56s to 575, Canadian C.i.f. 55s to 565. Dalgety and Company, Limited,'have received the following cablegram from Samuel Page and Soil,, dated London, June'.2sth: Butter—Market very slow. Danish,- 116s to 118 A; finest New Zealand, 106s to 110s; finest, Australian, unsalted 105b to 107s, salted' 103s to 105s; g.a.q., 98s to 102s. Cheese —Market very slow. Quotations: New Zealand, white 52s to 535, coloured 53s ta. 545; Canadian, spot, white and coloured, 66j to 74sCanadian c.i.f., 55s to 565; STOCK SLAUGHTERED; The ( following, are the numbers of atock slaughtered at abattoirs,, meat-export works; .baton; ■ factories, and ordinary registered •slaughterhouses throughout the* Dominion dui?nfir the year ended March 31st. 1931, -as reported- by the-Live Stock-Division;— Totals. 1 ' Totals.) /■ , . 1980-31. 1929-30. Cattle .. .. 326,126 362,988 ; Calvc3 ... .. 551,760 440,874 Sheep .. .. 3,564,003 3,420,282 ■ Lambs .. " .. 8,092,802 : 6,594,633 ■Swine .. .. 449,490 485,907 ;