BUTTER MARKET

Gisborne Times, Volume LXXIII, Issue 11953, 25 May 1933, Page 5

BUTTER MARKET

PROPOSED STABILISATION OT< INDUSTRY. NEW AUSTRALIAN PLAN. COMAIITTEE TO CONTROL EXPORT QUOTA. (U.P.A. by Elcc. Tel. Copyright) SYDNEY, Hay 2-1. Dairying interests in Australia have nml or eon side.™ lion a new plan for the stabilisation of the butter industry within the Commonwealth on the basis of Australian economic conditions, providing for an export quota controlled by a. stabilisation committee composed of representatives of each State.

Factories will continue to sell through their agents, and there will bo no need for the Paterson levy. Any factory which has kept within its quota on the local market would pay nothing, hut a factory which lia s over-sold locally would pay to the stabilisation committee tlm difference between the local price and the London price for the percentage over-sold.

From tlm fund thus created factories exporting more than their quota would bo paid, or equalised.

Mr. J. R. King, general manager of the Producers’ Co-operative Distributing Society, addressing dairy factory managers and secretaries on tbo subject, of overseas conditions, said be felt convinced that if n H fcho butter from Now Zealand and Australia bad been sent forward on !i consignment- basis to fewer sellers, tbo disastrously low levels ruling lately would have been avoided, while with factories in Australia com •peting with one another to sell f.o.b. tbere was some excuse for London sellers not taking concerted action to rectify the position..