MEAT MARKET

Hawke's Bay Tribune, Volume XXIII, Issue 10, 22 December 1932, Page 5

MEAT MARKET

BRITAIN’S HOME SUPPLIES. GREATER THAN REALISED. Auckland, Dec. 21. That the Dominion exerts a much smaller controlling interest in the meat markets of Great Britain than many New Zealanders realise is an opinion Emphasised by Mr. H. F. Nicoll, of Ashburton, who returned to-day after a five months’ trip. Mr. Nicoll, who was accompanied by his wife, is interested in the meat exporting industry, and is also president of the New Zealand Trotting Conference. The main factor in competition in the English markets was the Home supply, said Mr. Nicholl, and the volume of this he illustrated by mentioning that there were over 20,000,000 sheep in England. With the decreased purchasing power of the United Kingdom, housewives, if they considered lamb beyond their means, turned to beef or bacon. In an endeavour to maintain their turnover, a concern with a chain of stores in England had reduced the price of New Zealand lamb .by 3d per lb., spread in penny reductions over the months of August, September and October last. As an exporter, Mr. Nicoll said, he favoured the raising of the rate of exchange, but he found that this idea was opposed in financial circles in London.