SLUMP IN BUTTER

Hawera & Normanby Star, Volume XLI, Issue XLI, 10 May 1921, Page 8

SLUMP IN BUTTER

-UPSETS QUEENSLAND AND N.S.w. POOL.

BY; CABLE—PRESS; ASSOCIATipN-^OPYBIGHT , Received May 10, 10.10 aim.. '■'■■ BRISBANE, May 10. The Queensland and New South Wales Butter Pool Committee* s arrangement has been upset owing to the collapse of the London- market. These arrangements were made o_n-the understanding that advances from ' London would be online basis of 168s for first grade, 164s for second^ "arid" 160s for third, and a levy was made of threepence per pound v to meet;, rec-lamatione. Tlie ?pook; nas^now' been jtfijfised that, I ihcluuingi;the ]leyyi' only 130s is available or first-grade, iKs^for second, and, a corresponding reduction for third, and has therefore decided to obtain financial assistance to cover the L between .16%; "and 130s and to continue the _levy until sufficient - jnoney . is> accumulated to cover any losses. :