OAIRY PRODUCE

Taranaki Daily News, 24 October 1924, Page 8

OAIRY PRODUCE

REDUCTION OF FREIGHTS. •' ■ I ARRANGEMENT OONEIRMED, SAVING TO PRODIIOERK. By Telegraph —Pre.-** .AaaociaUon.. Wellington, Oet. ‘25 The New Zealand Dairy Produce Hoard, at its meeting yesterday, con firmed the arrangements made by (he overaoae delegation, for the completion of the shipping contract with the Asaociated Shipping Companies for *a period ending July 3, 1957. The freight rate for butter has been reduced to 4a a Im>< for three years. For the first two years, commenehtg -Novent ber I, Lte4, the freight rate oh cheese is 20-32 of a penny per pound, and for the third year 7-Btha of a penny per pound on (be basis of an'export, of 6?/.»00 tons butter and 05,000 tons cheese.

This represents a saving of £121,875 per annum for the first (wo years and £110,833 for the third year On a per contage basis it is a reduction of 11.1 pe/ cent, on butter and an average reduction for three years of 10.8 pet cent. REDUCTIONS CONFfRMEiA ANNOUNCEMENT FROM l/JNOJN. By Tel eg. aph— Pi ess Assn—Copyright Received Oct. 23, 7.10 p.m ixMtdon, Oct. 22. The New Zealand Shipping Company, the Shaw. Savili, and the Common wealth und Dominion lanes have agreed to reduce freights on New Zealand pro dtice. commencing on Noveml»er 1 Butter freights will be reduced from 4s 04 to 4s a box*, and cheese from one penny to 2b-32d per pound for three years, Ci/nditional on the shipping of the whole output by those tinea.