PRODUCE PRICES AND EXCHANGE

Evening Post, Volume CXVIII, Issue 93, 17 October 1934, Page 10

PRODUCE PRICES AND EXCHANGE

(To the Editor.)

Sir, —For New Zealand as a whole it must be good news to learn from the cables that wool and meat are more than maintaining their price position in the world markets, but tho recording of a new low record price level for butter is very disappointing, especially to producers, yet both arc subject to the 2o per cent, exchange subsidy— the one not requiring assistance getting wore and more the higher prices go, and tho other not enough to cover the cost of production, and both subsidies being (or to be) provided by the consumers in New Zealand.

The position, is stupidly unjust, and the taxpayers should, through their members of Pai'lianient insist on an immediate alteration. Bring tho exchange back to par, subsidise tho butter producers by local means, and ceaso paying subsidies to producers of goods where prices are remunerative. It is simply madness going on along tho present lines, and high time taxpayers and consumers insisted on a fair deal. The people cannot afford to subscribe to those whoso incomes are more than sufficient. —I am, etc., EQUITY.