QUOTA REJECTED

Southland Times, Issue 21998, 24 April 1933, Page 7

QUOTA REJECTED

EXPORTS OF BUTTER

NEW ZEALANDERS’ VISIT TO SYDNEY

CLEARER UNDERSTANDING

(United Press Assn.—Telegraph Copyright.) (Rec. 6.30 p.m.) Sydney, April 23. The New Zealand delegates to the dairy conference were passengers by the Wanganella, which sailed for Auckland last evening. Mr Dynes Fulton, interviewed, expressed confidence in the result of the visit. There would be much clearer understanding between Australia and New Zealand to material mutual benefit, he said. The visitors were impressed by the courage displayed by Australian producers in meeting their difficulties of the past few years and the growth of the dairy industry. Mr Fulton said the low prices resulting from bad economic conditions in New Zealand made the farming community’s lot there extremely difficult. Butter was retailing as low as BJd a pound for finest quality. The prices paid to farmers for butterfat were the lowest for thirty years. It is officially announced that the Federal Cabinet has decided to adopt the recommendation against the restriction of butter exports to Britain. The Prime Minister, Mr J. A. Lyons, states that the duty of 15/- a hundredweight remains as an impediment to foreign imports.

IMPORTERS DISAPPOINTED

FURTHER FALL IN PRICE.

(United Press Assn.—Telegraph Copyright.)

London, April 21.

Butter importers generally are disappointed at Australia’s and New Zealand’s refusal of the quota scheme. Danish and other foreign agents claim that as the dominions have rejected the quotas, foreigners under the new trade agreements have free entry as to quantity and can send the whole of their surpluses here, though they recognize that the price will necessarily be very low. The market is depressed, and Australian and New Zealand butter declined further about 2/-.