MEAT EXPORTS

Press, Volume LXX, Issue 21308, 30 October 1934, Page 13

MEAT EXPORTS

j UNCERTAINTY of the SITUATION p COMMENT BY MR W. 11. E. FLINT [THE FKESS Special Service.] AUCKLAND, October 29. The uncertainly of the meat export situation was commented on by Mr W. H. E. Flint, of Christchurch, chairman of directors of • New Zealand Refrigerating Company, Ltd. Mr Flint returned by the Niagara from a business trip to the United Kingdom. It was unofficially considered, stated Mr Flint, that the British Government was seriously contemplating a levy. Even if New Zealand and Australia were to get a preference under such an arrange- , ment, it would be so detrimental to . -the progress of the industry in the Dominion that it would be worth while doing anything within reason, even temporarily, that would satisfy the British Government so that the risk of a levy could be avoided. "It seems to me," he said, "that it would be better to agree to a restriction, on the definite understanding that it was to be temporary, lasting say one or two years, with restoration to the status quo after that period had expired. At the end of that time, world conditions might have im-"oved to such an extent that any continuation might be unnecessary, and a levy on New Zealand meat avoided." BUTTER PRICES RISE DISPROPORTIONATE JUMP BY DANISH h HEAVY GERMAN 15IV IN (J CSITED I'RF.S* ASSOCIATION —IIY ELEC'TItIC telegr \rn—coryntcnT.} LONDON, October 27. The butter market is showing signs of improvement, the prices of Australian and New Zealand supplies having advanced 3s to 4s per cwt, while Danish has jumped 10s. This recovery is partly due to the announcement that the Australian Dairy Board is restricting exports and the expectation that New Zealand will follow Australia's example soon. The rise in the price of Danish butter is due to heavy buying by Germany. It strikes most people as extraordinary that the price of Danish butter here should be 50s per cwt higher than Australian and New Zealand. This is largely because the German demand has increased and Denmark is now sending less here than is usual. There are a certain number of consumers here who insist on having Danish butler. Their requirements are estimated at about 2000 tons weekly. This week's shipments have fallen considerably below this amount, consequently the price has gone up. Danish butter is now selling retail at 6d per lb above New Zealand and Australian, which seems absurd when ' the qualities are compared. Experts generally agree that the best Dominion butter is quite as good as Danish. THE CHEESE MARKET ACTIVE BUYING There has been a fair amount of activity in the cheese market during the last week, with the result that several factories have sold their Sep-tember-October-Novembcr output at sd, less It per cent., says the "Southland News." One factory in Otago t Wade an exceptional sale at sjd, less per cent., but this offer is not gen- ! eral. Several exporting firms are soliciting firm offers to-day for Sep-tember-October-November cheese at 5Jd, less 1J- per cent., but London agents reported on Saturday morning that there was no response at the higher money. The Control Board has fixed the minimum selling price of cheese for the ensuing week at 5Jd, less 1J- per cent, commission. It is a Pity to see the board)putting the price s ° nigh, as it might possibly be the means of_ stopping f.o.b. sales. Factories which consigned their produce these last two or three seasons did not net 5d on consignment, and it is thought in the trade that the board are just stopping the f.o.b. business by advancing the price this week. A TRUSTEE INYEST* I MENT WHAT IS IT? Jobson's Publications, Ltd., which .*rm issues the well-known Jobtons Digest, has published a useful booklet on the subject of what constitutes a trustee investment. The bookl Jet is edited by Mr A. J. Jobson. In [ a Preface it is stated that most wills n° n -' n a relating to the mana . w hich the funds are to be inJL f • a testator slates that his rustee, or trustees, may invest, or « au >. certain investments, his wishes , power them to do so. However, if tlf . *° rna^e such a stipulation, nen the trustee, or trustees, are *° ' nv est the estate funds in I 1.. ,J method as the law allows, uni mffu • excludes any investment ton - riSec * J aW- ' s help trusin?, S l n asce rtaining what is a trustee iV s i mcnt that the booklet has been issued. 1 Secu rities which constitute { ' f ustee investments in Great Brithe states of the Commonwealth, fin 2? w Zealand, are set out in defl + booklet should be very useose charged with the administration of estates.