RETURNS FROM BUTTER SOLD IN LONDON.
On the basis of butter sold in London at 80/, the net return to the Australian shipper is 114/7, made up of the selling price, plus 20/ exchange on London and 28/ export bounty under the stabilisation scheme. He pays no duty, but his c.i.f. charges amount to 13/5. The New Zealand farmer, with no export bounty, but with an exchange of 19/2 in his favour, and with transportation charges of 12/6, nets 86/8. The Argentine shipper, with 11/8 freight, 21/ adverse exchange, and a duty of 15/, receives only 32/4. The net return to the Dane is 72/9 a cwt. As the Australian dairy farmer, to get his export bounty, has to pay a levy of 17d a lb, his actual realisations come back to 98/3, but at this figure he has an advantage of 11/7 over the New Zealand farmer, and three times that of the Argentine shipper.
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Northland Age, Volume 2, Issue 25, 24 March 1933, Page 4
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156RETURNS FROM BUTTER SOLD IN LONDON. Northland Age, Volume 2, Issue 25, 24 March 1933, Page 4
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