STATE AID TO DAIRY POOL

Press, Volume XCVI, Issue 28436, 16 November 1957, Page 14

STATE AID TO DAIRY POOL

Air A. Havward’s

lid) nain o, Statement e

c (New Zealand Press Association) n WELLINGTON. November 15. I s The acting chairman of the j d Dairy Board ‘Mr A. Hayward) today amplified a statement he s made yesterday to the Taranaki j !« ward conference at Stratford, si He said he was quite correctly * reported as saying in reply to a' ! question. "Under the provisionsei of the recent legislation any Gov- . [ernment assistance will be in the • j form of an advance, but I put it 0, to you—will it ever be paid . back ” d "This.” he said, “gives an imp pression the reverse of what 1 1 intended. The context should ■ d have been taken into account. j

n “Asked whether Government I assistance after Dairy Industry! Reserve Account was exhausted! would be a bank advance or a straight-out subsidy. I replied that under the legislation any assist- j ance would be by way of ad-} vance. and added. ‘I would ask! the question, would it ever be paid back?’ ] "I had been dealing with Government surpluses dumped on the 'British market and had shown; the serious effect they had had! upon prices. Before that I had emphasised that the dairy industry wished to stand on its own '■ feet and did not welcome GovS ernment assistance. What I i h meant to convey in my reply—l ‘ r which I agree was badly I- worded—was that the length of e time it would take to repay an a advance would depend on the 1 time it took to return to proper! -t trading conditions. That, in turn, i- depended on how long it took for e governments to take proper action to end dumping. yj “As was the case when our Jt ’ account was in debit in 1938. the t.'debit would be repaid over a A r j period depending on price trends.' n I "The dairy industry knows my 1-1 views, but I am concerned that (the public generally should also i-! know that I give complete sup- 1 n * port to the act. which makes it >e quite clear that any Government al assistance will be by way of an , advance.”