COMMERCIAL

Nelson Evening Mail, Volume LXIV, 10 April 1930, Page 5

COMMERCIAL

DUTY ON NEW ZEALAND BUTTER

(United Press Association—By Electric Telegraph—Copyright)

VANCOUVER,.. Bth April

A Fredericton (New Brunswick) message states that a resolution-that New Zealand butter be subjected to an increased duty in order to stimulate tho industry in New Brunswick' and other sections of Canada, waS adopted to-day by the Agriculture Committee of the Provincial Legislature.

EMPIRE WOOL CONTROL*! SCHEME

SYDNEY,, 9th April., At the Grazi^ - s|Mlbs%sij!C£ here a resolution was adoptee* recommending the Central Council to invite Sir John Higgins to formulate an Empire wool control scheme, to which New I'ealand and South Africa be urged to join. (Received lOthiApril.’ 9.25 a.m.) SYDNEY, This Day.

The president, Mr Tout, said that an Empire pool could be financed on a capital of fifty millions sterling. If the proposal is approved by the Graziers’ Federal Council and the Australian Woolgrowers’ Council, it is proposed that Sir John Higgins-be 1 invited’ti)''formulate a scheme. Mto-;

A proposal for an Australian pool was rejected.

PREMIUftj.^QIjLGfILD, (By Telegraph—Press Association)

WELLINGTON, 9tlr April. Advice lids’ been, received . by the banks that a premium of £5 5s per cent, is being paid by the . Commonwealth Bank on newly won gold,,..with the object of increasing production. DAIRY PRODUCE Dalgety ancl Co., Ltd., have received the following market advice from their head office, London, under date of Bth instant. Messrs Samuel Page and Son report: . Butter 2s per cwt lower (now 124 s to 1265); New Zealand cheese white 72s to 745, coloured 74s to 755.