BACON EXPORT LEVY

New Zealand Herald, Volume LXXII, Issue 22161, 15 July 1935, Page 5

BACON EXPORT LEVY

BRITAIN'S NEW PLAN

HELP FOR HOME PRODUCER I FOREIGN SUPPLIES AFFECTED t . . 1 Bacon imports into Great Britain are q to be increased next year and a levy i will be imposed on them to aid the r home industry. This was announced on June 8 by Mr. Waltei Elliot, Minister a of Agriculture, in a reply to a qucs- I tion in the House ot Commons and | in a subsequent statement to representatives of the Pigs and Bacon Marketing Boards. t Mr. Elliot said the Government con- i sidered that certain developments of the general plan for regulating bacon * imports and assisting the home producer might now be made. It proposed ( that the policy of maintaining a regu- ; lated market should be continued, but 1 was prepared to contemplate, as from the beginning of next year, an increase in the vbiume of imported supplies, t subject to the imposition of a limited i ■charge on imports from foreign coun- > tries. 1 The proceeds would be devoted to the • assistance of the home industry as the , situation might require. The assent of < foreign countries who had a treaty ! right to free entry of bacon into the United Kingdom was) necessary, and ' the Government would open negotia- ' tions with them forthwith, i Mr. Elliot told the representatives of I'the Pigs and Bacon Marketing Boards j that the assistance to be given to the | home producer would be related to a, : volume of home production showing a ! moderate increase over the home output for 1935. As in the case of payments under the Wheat Act, the assistance per unit would diminish as home production increased beyond that volume. * Hh hoped the new arrangements would help the two boards to co-oper-ate in promoting efficiency in production, processing and marketing, in regard to which a development scheme should be of great assistance. In his ; view there was nothing in the pro- j posals to hinder the two boards from ; agreeing on the terms of the contract j for 1936 now, so as to communicate them to producers in the early autumn. FREIGHT ON BONER BEEF COUNCIL SEEKS REDUCTION [from ouh own correspondent] HAMILTON. Sunday The. opinion that boner beef cattle should be transported to the freezing works by rail and should not be driven by road was expressed at a meeting of the Raglan County Council on Friday. The chairman, Mr. H. W. Wilson, said an enormous amount of damage was done to the roads of the county by driven stock, while the cattle lost condition in the process. Mr. S. I. Crawford said boner beef should be reiled at a. lower freight , than the ordinary beef classes, owing i to their lower value. It was decided to approach other local bodies with a view to making a joint request to the Government to reduce the frcaght on boner beef. PRICES OF METALS I LONDON MARKET FIRM (Received July 14, 5.5 p.m.) LONDON, July 13

Following were yesterday's quotations on the London metal market compared with those of July 11:July 12 July 11 Per ton . Per ton £' s d £ '■ s d Copper, stan., spot . . 31 3 9 31 1 10' Copper, stan , 3 mos 31 11 10$ 31 10 0 Copper, electrolytic .. 31 0 0 34 0 0 to to 35 0 0 35 0 0 Copper, elec.. wire bars 35 0 0 35 0 0 Lead, soft. t>pot 14 1 3 14 0 0 Lend, soft, forward 14 .3 9 14 13 Spelter, spot . . 13 1G 3 13 IS 9 i Spelter, forward 13 18 9 14 1 3 | Tin. stan., spot . . 231 10 0 1231 3 9 I Tin, stan., 3 niO«. . 224 12 G 224 7 6 Quotations for other metals, with last week's prices in parentheses, are: —Pir iron: Home trade, £3 7s 6d (£3 7s 6d); export, £3 2s 6d (£3 2s 6d). Antimony: British, £74 10s (£74 10s); foreign, £46 (£47). Molybdenite, £1 14s 6d (.£1 14s 6d) a unit. Wolfram, £1 11a (£1 10s 6d) a unit. PRICES FOR HORSES OFFERING AT PUKEKOHE [fkom our own correspondent] PUKEKOHE. Saturday A good yarding of horses was offered nt the sa!o held by Alfred Bucklnnd and Sons, \ Limited, at Pukekohe yesterday. Reliable fhrm horses were keenly sought and satiß--1 factory prices were realised. Active medium i draughts, £'36 to £3B: good farm horses,' all work, £25 to £29: light useful sorts. £l9 to £2O; light harness class. £l2 to £ls; hacks, £3 to £G; three-year-old unbroken filly, £l7; light yearling foal, £8 ss. RABBITSKIN VALUES SHARP WELLINGTON RISE Prices for rabbitskins advanced at last ! week's Wellington sale, where large catalogues of incoming and winter skins were j submitted. Winters in particular were in excellent demand, and the top price realised. 95Jd for prime winter bucks, is exceptionally high for North Island ekins. The quality of the offering was considerably better than that of previous sales this senson, and consequently p:ices were much higher. First bucks made 02d, against 825 d Inst sale, incoming. 62d, aguinst GOd. autumn. 4fid, against 44d. and all other | grades showed un improvement of from 3d to 0d per lb. Following is the range of prices:— Small, Pd to P}d; runners, 12d to 12} d; light racks, lGd to 1 Girt; prime racks. lGid to lGld: summer bucks. lS}d to 191 d : summer does. 12|d to 13d; milky, 141 d to 14! d : dawnv autumns. 19d to 19jd; second' autumns. 313 dto 3GJd: early autumns. 20d to 33d: autumns, 3G5d to 38d ; late autumns, 42} dto 4Cd: incoming. 451 d to G2d: spring bucks. 42d: snring does 18d to 22d; spring and summer black, 11 Jd !(o laid; autumn black, 30d to 38d: inI coming and E.W. black, 42d to 47d ; winter I black, 4?5d to stKd; hares, 12{d to 14id; broken. 11 Jd to 273 d: prime bucks. 953 d; first bucks. 90d to 93d: second bucks, 7S;d to HOJd. early winter bucks. "Old to 81! d; onrlv winter does, -t'd to Ifid: first doi-s. 5IU1; second and spotted does. 40J d to -13 d: incoming and winter F.S. and 8.5.. 501 d to 53Jd: autumn F.S. and P S., 25,(1 to 273 d; spring and summer F.S. and 8.5., 12d ■ to 133 d; summer weevily. 81 d to BJd, winter weeviiy, lP.d to lOd. BRITISH TREASURY BILLS (Received July 14. 5.5 p.m.) British Wireless RUGBY, July 13 The total amount applied for this week in tenders .for £40,000.000 worth of Treasury bills was £61,490,000. The average rate por cent for. bills at three months was 12s 1.60 d, compared with 12s 4.32 d a week ago. BRITISH WAR LOAN British Wireless RUGBY, July 12 War Loan, 3J por cent, is quoted to-day at £lO6 12s 6d, compared with £lO6 15s yesterday. ■.