World Meat Output Up 40 p.c. in 17 Years

Press, Volume XCV, Issue 28179, 18 January 1957, Page 15

World Meat Output Up 40 p.c. in 17 Years

(N.Z Press Association-Copyright)

LONDON, January 16.

World meat output increased by 40 per cent, between 1938 and 1955. In this period New Zealand’s output rose by 34 per cent, and Australia’s by 26 per cent. These figures, announced today by the Commonwealth Economic Committee, show that the Commonwealth's big meat rival, the Argentine, increased production by 34 per cent., the same percentage increase as New Zealand’s.

The 1955 meat exports from Commonwealth countries, which accoutred for two-fifths of world trade, were slightly higher than in 1954. Mutton and lamb exports from the Commonwealth countries were down slightly, but an increase in beef and veal exports more than offset this drop. Both Australia and New Zealand exported more beef and veal than before the war. Australia’s exports for 1955 amounted to 146.900 tons, compared with 122.700 tons in 1938. New Zealand’s comparative figures were 94.200 tons in 1955 and 51.700 in 1938. w , The Argentine’s total beef and veal exports, which fell from 438.200 tons in 1938 to 101,100 tons in 1952, rose sharply in 1955 to 191,300 tons. The Argentine’s total exports were still less than half her pre-war figure. Mutton and Lamb Trade

International trade in mutton and lamb fell in 1955, although it remained much higher than before the war. New Zealand, the world’s chief producing country, exported 267.300 tons, compared with 181.900 in 1938.

This figure has been bettered several times since the war. In 1952, New Zealand’s mutton and lamb expofts rose to 295,000 tons

and, after a drop in 1953, they reached 276.000 tons in 1954. Australia’s 1955 exports of mutton and lamb were much lower than before war—55.700 tons in 1955. compared with 97-200 tons in 1938. Although this figure does not approach the prewar trade, it does show that the effect of the wool boom in the early 1950’s is being overcome. In 1951, Australia exported only 19,600 tons of mutton and lamb.

GODFREY PHILLIPS AND NATIONAL TOBACCO (New Zealand Press Association) WELLINGTON, Jan. 17.

Godfrey Phillips, Ltd., has withdrawn from active competition with Rothmans (N.Z.), Ltd., for control of the National Tobacco Company, Limited, Napier. Godfrey Phillips had offered to buy National Tobacco shares for 30s cash, subject to acceptance by 51 per cent, of shareholding by January 31. In a letter to National Tobacco shareholders, dated January 17, the chairman, Mr P. A. Godfrey Phillips, who is now in New Zealand, says that there is little likelihood of the necessary percentage of acceptance being obtained by that date.

F. W. WOOLWORTH’S £IIM PROFIT

(N.Z. Press Association—Copyright) LONDON. January 16. F. W. Woolworth and Company reported today that their net profit for 1956 exceeded £llm. Net profit for the year ended December 31 was £11.008,117. compared with £10,874,795 in 1955.