IMPROVING DAIRY INDUSTRY

Nelson Evening Mail, Volume LXVI, 7 April 1934, Page 11

IMPROVING DAIRY INDUSTRY

FARMERS’ COMMITTEE SUBMITS REPORT A BOUNTY RECOMMENDED, (By Telegraph—Press Association) HAWERA, sth April. A report presented t(o-day by the sub-committee which was appointed last night by the South Taranaki executive of the New Zealand Farmers’ Union to make suggestions for improvements in the dairy industry urged that full investigation be given to the adoption of some scheme of bounty for dairy produce, to operate along the lines of the Patterson scheme. It was felt that an export bounty on a sliding scale of value would be preferable to the present exchange. It was recommended also that no rural mortgages be permitted for a period shorter than 20 years, and that an amortisation scheme be arranged so that mortgagees be paid off during the period, and where possible all current rural mortgages bo so converted. Sucln amortisation fund was to be based on the excess of butter-fat over what might be taken as the index figure necessary to provide an economic return: In regard to rents, it was considered that land should be leased on a given number of pounds of butter, irrespective of the price paid by the factory.