MEAT POLICY

Hokitika Guardian, 23 January 1935, Page 6

MEAT POLICY

A DIFFICULT QUESTION

EXTENSION OF THE; SUBSIDY

(United Press Association—By Electric Telegraph—Copyright).

(Received this day at 2.30 p.m.) LONDON, January 22.

The “Sun Herald” says that, owing to the impossibility of settling a long term, ,policy be font Mr Lyons arrival, the extension of the home* grown subsidy is virtually certain for the interim period. The Government dislikes 'it and is determined not to continue it indefinitely, but there is no alternative. The subsidy has already cost £2,500,000, yet the prices to producers have fallen, instead of increased.

The Government is worried how to recoup the subsidy which must be borne by the whole meat industry. A continuance of the subsidy means piling up the debt. The only scheme at present being considered to reimburse the Government is <a levy on all imported meat regarding which the Dominions are not enthusiastic, hut the Government says a levy with mild restrictions is the only alternative to drastic restrictions-

To-day’s failure to progress resultGovernment, deciding that,.long term discussions should be opened immediately. with the High Commissioners, without waiting for Mr Lyons, but they have given Air Lyons a pledge not to take decisions pending his arrival. The present discussions coincide with the price of British beef reaching the lowest point for twelve months despite the subsidy.