PRIMARY PRODUCE

Otago Daily Times, Issue 22066, 23 September 1933, Page 12

PRIMARY PRODUCE

UNCERTAINTY OF THE FUTURE DANGERS OF QUOTA SYSTEM. (Special to Daily Times.) AUCKLAND, September 22. "Although the recent increases in the prices of dairy produce and wool encourage a more hopeful outlook farmers would be wise to conserve their resources, ns there is really nothing definite to show that we aye yet out of the wood,” said Mr H. E. Worsp, chairman of directors of the Auckland Farmers’ Freezing ComEany, Limited, in his address to shareolders at the annual meeting. “ With the uncertainty in the exchange and currency position,” proceeded Mr Worsp, "and the talk of quotas and the restriction of shipments of dairy produce and meat the future of prices is most uncertain. The policy in New Zealand during my, lifetime has been to increase production and if this policy is to be reversed the consequences, I am afraid, will be most serious, not only to the farming community, but also to the city people. I doubt if the latter appreciate the seriousness of the position, which would mean more people flocking into the towns, more unemployment, and a lower standard of living. It is quite possible that if we cease bolstering up those secondary industries which cannot stand on their own feet and gradually reduce our protective tariffs on British goods until we bring about virtual Freetrade with Britain, quotas may not be applied to this Dominion.”