MILK SCHEME DEFERRED

Nelson Evening Mail, Volume LXXI, 1 May 1937, Page 11

MILK SCHEME DEFERRED

BASIS OF PAYMENT FIXED ORDER-IN-COUNCIL ISSUED [United Press Association) WELLINGTON, 29th April, i'lie prices payable for butterfat contained in milk supplied for the manufacture of certain export milk products containing ..a substantial percentage of butterfat are to be assessed on the basis of the guaranteed price for dairy produce. The procedure for ascertaining these prices is defined in regulations issued as an Order-in-Council this even-

The method proposed for the payment of such prices is as follows: As soon as possible after 31st July. The Minister of Marketing shall ascertain the average rate at which the owner of a reasonably efficient butter factory could have paid for butterfat in milk or cream delivered during the current manufacturing season for manufacture into creamery butter cauclalted on the basis of the guaranteed price payable for creamery butter calculated on the basis of the by the Crown pursuant to the Primary Products Marketing Act. The Minister •ball also ascertain the average at which the owner of such butter factory could have paid for the butterfat in milk or cream delivered during the same period for the manufacture into creamery butter sold in the United Kingdom if the milk or cream delivered had been manufactured into cram cry butter and such buter had bee.n sold in the United Kingdom at those prices. The average rates so ascertained by the Minister are to be adopted by all parties as final and conclusive.

If it appears that the average rate ascertained on the basis of the guaranteed price available for creamery butter is grcate than the average rate based on- the prices, actually received for creamery butter sold in the United Kingdom then the Minister shall pay- out of the Dairy Industry Account to the manufacturers of special'milk products- the amount of such difference , calculated on the total quantity of butterfat contained in the whole milk;purchased by them for the manufacture of the special milk products exported from New Zealand.

rate based on the guaranteed price payable for creamery butter is less than the average rate based on the price actually received for creamery butter sold in the United Kingdom, then the manufactures of special milk products shall pay to the Crown the amount of such difference calculated as aforesaid. The manufacturers of special milk products are required to furnish to the Minister or other duly authorised person all such statements and other information and to produce for inspection all such books, re cords and documents as may be deemed necessary to enable the amount payable to or by each of such manufacturers to be correctly computed.