DAIRY ACCOUNT

Nelson Evening Mail, Volume LXXI, 19 November 1937, Page 2

DAIRY ACCOUNT

j REPORT PRESENTED h •- ESTIMATED DEFICIT OF £548,750 e ” [From Our Own Parliamentary Reporter] n 1 w j ' WELLINGTON, 18th November. L j An estimated deficit in the dairy ei industry account of £548,750 for v' the year ended 31st July, 1937, is i disclosed in the annual report of i : the Primary Products Marketing 3 I Department, which was tabled in the House of Representatives this ''! afternoon by the Minister of Mar--1: keting (the Hon. W. Nash). ; The accounts, which cover all export ’ | butter and cheese manufactured from i Ist August, 1936, to 31st July, 1937, show '; that the estimated deficit on a total of 149,810 tons of creamery butter purchased by the Government is £561,397; ! estimated surplus on 86,708 tons of I cheese, £18,354; and the estimated deficit on 1446 tons of whey butter, £5707. “The new marketing system has been favourably received by the trade as a whole.” states the Minister. “Buyers, with the exception of those who were accustomed to operate from time to i time on c.i.f. or f.o.b. terms, appreciate • the change, as the produce is offered jto them freely through their usual i channels of supply. All reports from | our agents indicate their satisfaction, and confirm the opinion that the good will of New Zealand stands very high in all overseas distributive circles.” PURCHASE OF PICOT BROS., LTD | In the section dealing with the Ini ternal Marketing Division, which was i established in February this year, the report states that the purchase of Picot Bros., Ltd., was made on a valuation basis, and included the premises, plant, and stock-in-trade. The purchase price is not revealed.