BEEF PRICES

Hokitika Guardian, 1 October 1929, Page 7

BEEF PRICES

PROBABLE SHORTAGE OF SUPPLIES. AUCKLAND, Sept. 27. The opinion'* that prices for beef will continue at a fairly high level for some years owing to the falling-off in the supply from the Argentine was advanced bv Mr J. E. Makgill, chairman of directors of the Auckland Farmers’ Freezing Company Ltd., at. the annual meeting. In support of this view Mr Makgill quoted articles written by Sir AVilliam Haldane of the London “Times” with the object of awakening Great Britain to the possibility of a shortage and to the advantage it would be to produce a larger quantity within her own borders or within the Empire. In the articles the hope was expressed that Australia might yet, in spite cl past discouragement, set to work seriously to meet the overseas beef requirement -by grading up her cattle and increasing her herds. , “This last opinion is ono to which it may be wise for us here to give some heed,” said Mr Makgill. ‘is it not possible that if wo devised the best method and used the best stock •wo might be able, even in this country, to do something more than we have been doing toward maintaining the required beef or veal supplies to Great Britain with advantage to ourselves and to the Empire, instead of allowingToVroign countries to maintain their grasp upon so important a requirement of our people.