FROZEN MEAT TRADE
THE PATAGONIA PURCHASE. London, February 14. While the Board of Trade refuses to give details of the Patagonian meat purchase, importers engaged in tho Dominion trade assert that it means that 1.250.000 carcasses of mutton will be added to the already congested 6tocks in Britain. The "Globe" says that traders believe the Government's fresh purchase is intended to yield a profit sufficient to balance the losses incurred on earlier meat contracts. Though tho market is glutted, prices continue to bo absurdly high. The trade intends to again urge Mr. Lloyd George to sanction the "abolition of control.—Aus.-N.Z. Cablo Assn.
TA cable message from London published yesterday stated that the Government had purchased the whole of the Patagonian meat output for 1920. The transaction surprised the meat trade, as it was understood that the Government's policy was to interfere with tho meat trade as little as possible, only retaining a fixed maximum price.]
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Bibliographic details
Dominion, Volume 13, Issue 122, 17 February 1920, Page 7
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155FROZEN MEAT TRADE Dominion, Volume 13, Issue 122, 17 February 1920, Page 7
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