BUTTER FOR ENGLAND.

New Zealand Herald, Volume LV, Issue 16760, 29 January 1918, Page 4

BUTTER FOR ENGLAND.

PRICES IN DOMINION.

[BY TELEGRAPH. —OWN' CORRESPONDENT.]

' *> WELLINGTON, Monday. Commenting to-J y upon recently-pub-lished statements forecasting a surplus of English profits on New Zealand butter, i which will be available for distribution to I the extent of 50 per cent, among the local i producers, the Prime Minister expressed 1 the opinion that there is no likelihood of the price of butter in New Zealand going up to Is Bd, in order to bring it up to the price it was expected exporters might, realise after adding their percentage of the i profits. The English price is being fixed j by the Food Controller, and is not likely ; to be much higher than the relative price j in New Zealand. If there were a profit j over the fixed f.o.b. price, said „,ir. I iMassey, half of. it woula go back to the i New Zealand producer. He thought there would be something to divide, but it would he very small. The recent increase, in freights, while it did not make any : difference on the face of things to thej butter producer, as the Imperial authorities saw to the shipments, would be taken into account by the Food Controller in ascertaining the* amount of the net profit to be divided. <?