Deficit Now £6.3m
(New Zealand Press Association)
WELLINGTON, June 27. The deficit in the Dairy Produce Account at present is about £6,300,000. At the beginning of the season it was £6,700,000. “With the improvement in the return for butter and the maintenance up to the present of the cheese selling price, owi trading up to date in the 1962-63 season’s produce has produced a surplus,” Mr A. Linton, chairman of the Dairy
Board, told the Dominion dairy conference today. “Up to June 22 nearly twothirds of the 1962-63 season’s export purchases of butter and cheese had been sold, and these sales show an estimated net surplus of a little over £400,000.” If it could be assumed that present prices would hold and that we could sell the remaining third of the 1962-63 season’s production at not less than the prices we were getting now, the surplus on the disposal of the season’s goods would be substantially increased.
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Bibliographic details
Press, Volume CII, Issue 30169, 28 June 1963, Page 10
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157Deficit Now £6.3m Press, Volume CII, Issue 30169, 28 June 1963, Page 10
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