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GUARANTEED PRICES

ADVISORY COMMITTEE’S REPORT AN EARLY ANNOUNCEMENT INCREASE ON LAST SEASONEXPECTED (From Our Parliamentary Reporter) WELLINGTON, Aug. 14. Although the new dairy season is now a fortnight old there is as yet no indication as to when the guaranteed prices for the season are likely to be announced. The Advisory Committee, mder the chairmanship of Sir rands Frazer and comprising representatives of both the Government and the dairy industry, has been sitting almost constantly in Wellington during the past few weeks, and it is believed that its report, embodying recommendations to the Government, is now approaching completion The sittings of the committee have been held in camera, but the general impression is that the members have tackled their task with thoroughness and determination, c.nd that they have made a searching investigation of all factors bearing on the present position of the dairy industry. When the committee’s report is delivered to the Minister of Marketing (Mr W Nash) it will probably be treated as a matter of urgency, and will be dealt with at an early meeting of Cabinet, following which the actual prices for the season will be determined by the Government. The basic guaranteed prices at the end of last season were 13.66 d per lb for butter and 7.75 d per lb for cheese, these rates embracing the respective increases of .41d and ,21d which were announced by Mr Nash at New Plymouth in June. There is an impression that the new season’s price will represent a further increase, and in that event additional payments will be made in respect of butter and cheese exported since August 1 and paid for at last season’s rates.

There has been an undertaking by the Government that a full report of this year’s Advisory Committee will be published so that the dairy farmers and the public generally may see what factors have been taken into consideration in the fixing of the prices. It is not yet known whether the report will be issued at the same time as the announcement of the prices or whether it will be included in the annual report of the Marketing Department, which must be submitted to Parliament before the end of the present session.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ODT19380815.2.88

Bibliographic details

Otago Daily Times, Issue 23578, 15 August 1938, Page 10

Word Count
370

GUARANTEED PRICES Otago Daily Times, Issue 23578, 15 August 1938, Page 10

GUARANTEED PRICES Otago Daily Times, Issue 23578, 15 August 1938, Page 10

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