OF NEW ZEALAND INTEREST

Otago Daily Times, Issue 21650, 21 May 1932, Page 12

OF NEW ZEALAND INTEREST

IMPORTATIONS OF BUTTER ‘ (Prom Our Own Correspondent.) LONDON, April 15. According to the Glasgow Herald, the Danish exporter has had to bear the whole weight, of the new duties on butter. A Glasgow merchant states with hesitation that the foreigner is paying the 10 per cent. duty. ,His firm estimates that the duty on its own imported supplies will run in a year to £BOOO, and the Danes are to-day bearing that impost to the advantage of the British Exchequer. Taking free-on-board prices for butter, the Danish product is 10s. per cwt. below the price of New Zeajand produce. In other words, the Danish exporter has been obliged to make his price here, allowing for the duty, strictly competitive with the landed price for New Zealand butter. A provision'merchant holds that if a 10 per cent, tax had been placed upon bacon the same result would have ensued. It is admitted that plenitude of world supplies has forced the Danes to swallow the tax. Had there been a shortage of butter, the experience of the tariff might not have been so beneficent to either the British Exchequer, or consumers. But the facts of the present experience are as stated-. “ The terms of the New Zealand 6 per cent, issue proved too high,” remarks the Manchester Guardian Commercial, “ and it was not surprising that underwriters were left with 47 per cent, of their commitments. Closing at about a-quarter discount on Wednesday, it will not be surprising if the price eventually finds its level at about two* discount. Meanwhile the average investor, not committed to so-called trustee stocks,' will prefer the London ’ and Home Countries Electricity 5 per cent, loan at about three-quarter premium on issue price of 101 J, which is, incidentally, considered rather better value than the 5 per cent. Central Electricity scrip standing at 6J premium on issue price of 95.” ARCHBISHOP-REDWOOD. Archbishon Redwood’s trips to Europe are invariably heralded by newspaper paragraphs regarding his advanced . age. One paragraph which is appearing is as follows: — “ The activities of vigorous veterans often cause astonishment and envy, but the case of Archbishop Redwood, who is coming all the way from New Zealand at the truly patriarchal age of 94 to attend the Eucharistic Congress in Dublin must be easily a record experience. “ The archbishop is the world’s bldest bishop, and he was taken by his parents from their home in Staffordshire to settle at Wellington, New Zealand, just 90 years ago. “ Cardinal Manning consecrated Mr Redwood as Bishop of Wellington at Spitnlfields in 1874, and he became first archbishop of the Roman Catholic Church in New Zealand in 1887. • He held his episcopal jubilee in 1924, and was then the senior bishop by date of consecration of the entire Catholic hierarchy. “The aged churchman will, no doubt, receive a specially warm welcome, from his fellow-religionists in Great Britain. ’ IRISH SETTLERS. Owing to the latest developments in the Irish situation, the Cork Examiner considers that its readers should inform themselves of the relative importance ot the countries, that comprise the British Commonwealth, and with the financial, and economic conditions, A leading article of a column is therefore devotpd to New Zealand. . / “If the time comes again, says the writer of the article, “when young Irish folk are casting their eyes to lands oversens, they would do worse than consider the possibilities of settling in either New Zealand or Australia. Even if the new Free State Government would succeed m finding employment for every one of these 80 000 persons supposed to be unemployed, then there will come a time when some of the more enterprising of . the younger generation will think that they are 1 entitled to more of the good things of the world than the Free State can afford them. If they are wise, then they will seek employment and careers in the great new lands of the British Commonwealth, rather than in the crowded cities ot the United States. . ...... The Cork Examiner evidently sees the disadvantages of converting all the Insu in the dominions into aliena ( which Mr de Valera is so bent on doing. THE PERFECT CLIMATE. “ 4mid the rigours of an English April, with Buchan in the saddle in hia ungenerous mood, the climatic picture of New Zealand that is painted in words by its chief meteorologist is calculated to start a wave of emigration, ’ says the Nottingham Guardian. "There are Ayet .spots in New Zealand —that is not denied—but the clouds of the southern hemisphere seem to have a clear-cut conception of their business. They bring along a feiy million tons of rain, drop the lot, and then move on to give the sun a chance, so that wo find places which are at one and the same time wetter than our wettest and sunnier than our, sunniest. There are few fogs and very little snow. -Lney have an earthquake or two to put up witli now and then, of course, .but their sphere of influence is localised.