BEEF SUBSIDY SCHEME

Manawatu Times, Volume XLVI, Issue 2124, 16 May 1922, Page 5

BEEF SUBSIDY SCHEME

TO SAVE CATTLEMEN. [By Electric Cable— Copyright.] [Aust. and N.Z. Cable Association.] (Received Monday, 7 p.m.) SYDNEY, May la. The "Herald" dealing with the Federal Government's beef subsidy scheme says: "Everybody in the industry is gratified that the scheme has been accepted by all sections, but it is recognised it is not going to transform the catt-e men's position from one of depression to prosperity in one act. An expert is working out the costs on the new oasis and estimates the price paid for pri no cattle on stations in Queensland at £3 10/ per head. Even this low price is better than nothing, and will enable the cattle men to dispose of surplus stock, while allowing for station expenditure, killing and olher charges. The. "Herald also says that even with the scheme in working, It appears likely that the industry will be several million pounds on the wrong side of the balance in the coming season, without considering possible losses lrom drought and disease. Queensland cattle men realise there is a very hard tin,- ahead, unless the English market improves or the cost of production is further reduced. The position of New South Wales cattle men is regarded as little, if any, better than those of Queensland. In all States cattle men have received such a set-back during the past two years that the view is strongly held that in the future no country suitable for sheep will run larger stock It is considered the time is not far distant when Queensland will be running thirty million sheep, nearly twice the present number, by displacing equivalent cattle.