BUTTER INDUSTRY

Poverty Bay Herald, Volume LV, Issue 17608, 26 October 1931, Page 2

BUTTER INDUSTRY

PRICE STABILISATION VOLUNTARY SCHEME IN N.S.W. SYDNEY, Oct. 13. An important conference between parties engaged in the butter industry, has been concluded, and the producers have reached a complete agreement for a voluntary scheme for the equalisation of prices as between local shies and export realisations to all factories in the State. The agreement, which will be sent to all factory directorates for signature, aims at achieving by an all-in voluntary organisation an equalisation of prices such as would operate in a compulsory pool. The plan provides for equal payment, according to the grade of butter, to all New South Wales factories,, the main objective being to ensure a higher average return, to the producer. The equalisation scheme, if adopted, will be on the same lines as would operate with a pool under the Marketing Act, but there will be no semblance of Government control or interference, and it will be on a purely voluntary basis, to be agreed upon by the factories themselves. The control will be, in the hands of the New South Wales section of the inter-Statc butter committee, which will only handle the differences .'in prices and make the necessary adjustments, at a cost estimated at Is Cd a ton for administration. , The. Norco chain of factories, the Primary Producers’ Union, and the Producers’ Distribution -Society have endorsed the scheme.