GUARANTEED PRICE
MARKETING DAIRY OUTPUT. SCHEME IN VIEW. Although the Guaranteed Price Bill will probably be one of the first to be introduced in the House of Representatives after the Easter recess, the vital question of the price to be fixed for dairy products is not being disclosed. However, the statement made by the Minister of Agriculture, Hon. W. Lee Martin, at Matangi, that- the price would be paid on the finished product and not at so much per pound butterfat is regarded as being of special significance. Some details of the Government's plans have already been disclosed. The Prime Minister, Hon. M. J. Savage, announced some time ago the proposed setting up of a special Dairy Industry Account for the financing of the guaranteed price scheme and possible methods of finance were revealed in the provisions of the Reserve Bank Amendment Act. These factors have suggested that a special departmental branch will be charged with the duty of administering the whole of the scheme. The Minister of Finance, Hon. W. Nash, who has co-operated with Mr. Lee Martin and a committee of experts in examining the various proposals for the scheme, has already made it clear that guaranteed prices will not mean the end of Tooley Street marketing and that the distributive outlets offered by the best existing firms will be utilised to the full. However, the Minister has emphasised that there will be a check on speculative interests, both in New Zealand and overseas. Another point made by Mr. Nash is that the Government wishes to act in harmony with the Dairy Board, although possibly a future development will be the setting up of a board representative of "producers with wide powers to deal with local problems and advise on overseas marketing. - A further possibility is the strengthening of the staff of the High Commissioner's Office in London in order that the Government, as the sole owner of dairy produce, may maintain the closest possible contact with distributing firms. The presence in London of Mr. R. M. Campbell, economic adviser to the High Commissioner, is already regarded as being extremely valuable in this respect. The report of the expert committee which has advised the Government on guaranteed prices has been completed. It is so voluminous that a summary has been prepared for the benefit of members of the Cabinet and others. It is understood that the Bill, which will give effect to the Government's policy, is not yet complete.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/KCC19360414.2.18
Bibliographic details
King Country Chronicle, Volume XXX, Issue 4833, 14 April 1936, Page 4
Word Count
411GUARANTEED PRICE King Country Chronicle, Volume XXX, Issue 4833, 14 April 1936, Page 4
Using This Item
Waitomo Investments is the copyright owner for the King Country Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Waitomo Investments. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.