Cold Snap Affects U.K. Lamb, Butter Supplies

Press, Volume CII, Issue 30041, 28 January 1963, Page 14

Cold Snap Affects U.K. Lamb, Butter Supplies

(Special CorrrapoMfamt NXPAJ

LONDON, An. 24. Arctic weather fa Britain and Awope is being accompanied .by some axinstriiirai on how it may affect butter and meta produatton. Some report# suggest it will not be poeribke to obtain an accurate estimate much before April, but atreody it has been recorded that for the first time in a tong period nriik produottar has dropped in Britain. In the fleet foetnfatat of January it was 2 per cent, tower than in the same period in 1962. In Denmark it is repotted the decline has been 5 per cent.

'Tf/ae weattser fccectatere ace propheeying. Ums* will be at bitter weather, butter prodrafann in Britton tata bwy acted well-be down durtag ttsefiita half of the year, « foot vfoßch probably wiB hove to be taken into account by the Board of Ttede when M acmes to wnrista* out the quotas to tatorad thowe fa force until Mtadh 31. The batter market in Mtain is reported to be firm, with a ltoriy toeedsr demand at euHtsat prices which, M is suggested, do not took like being changed in the immediate future. Nobody doubts that the lamb crop must be affected by deep mow winch has covered the country but ait present there is a paucity of accurate reports. ' New season’s New Zealand lamb cottanues to fetch about 3d per lb more on Smithfield than this time last year and there are hopes that thiis will be continued in spite of the increasing trend of arrivals during the coming fortnighit.

Rise In N.Z. Reserves

(N.Z. Prets Association)

WELLINGTON, Jan. 26, Net overseas assets of the New Zealand banking system on January 16, 1963, were £63.7m compared with £62.3m on January 9, 1963, and £47Am on January 17, 1962.

These figures were announced yesterday by the Reserve Bank.