BUTTER FOR BRITAIN

Poverty Bay Herald, Volume LIX, Issue 17950, 30 November 1932, Page 11

BUTTER FOR BRITAIN

REGULATION OF SHIPMENTS POLICY OF DAIRY BOARD When asked for an. explanation of the Australian announcement of the proposed regulation of butter shipments, Air. T. C. Brash, secretary of the Dairy Produce Export Board, said that in effect the Australian board had decided upon a policy of. regulating butter shipments and so was falling into line with what Now Zealand bad been doing for soino years. The policy of the New Zealand board was not a new one; it was in accordance with the policy that had been followed for some years.

To dump on the English market some 75 per cent, of the Dominion’s total exports during the seven months during which, this percentage was manufactured would ho a suicidal, policy, said Mr. Brasli. Further, the absence of New Zealand butter and cheese from the market for part of the year would not only break trade connections, but would v tond to turn tbe attention of sellers to avenues of more regular supply. When it was pointed out that tho estimated arrivals of New Zealand butter in Britain during November, December and January this season were 36,870 tons, or 4730 tons more than for the corresponding period last season, and 9627 tons inoro than for the three months of 1930-31, Mr. Brash said it had been tho board’s policy to ship quickly to the end of November and then to regulate the flow of shipments. Tho board worked in close co-operation with the Tooley Street Importers’ Association, •with whom the board’s London manager held frequent and regular meetings. As far as advances against withheld stocks of New Zealand butter were concerned, Mr. Brash said there never had been any difficulty in the Dominion, as such advances were provided for under a bank letter of credit, under what was known in tho trade as the “red letter clause,” a practice that had been operating for many years.