BOUNTY ON IRISH BUTTER

Taranaki Daily News, 18 April 1932, Page 9

BOUNTY ON IRISH BUTTER

AIM TO WIN BRITISH MARKET AUSTRALIAN SCHEME FOLLOWED. EFFECT IN LONDON IMPROBABLE. DAIL TO CONSIDER SUGGESTION. By Telegraph—Press Assn.—Copyright. Rec. 5.5 p.m. Dublin, April 15. A bill is being introduced in the Dail on April 20 providing for a bounty of twopence per pound on exported butter' by means of a levy on butter production. It is believed here that prices on the British market will touch low levels this season, consequently the need for assistance to dairymen is urgent. Assuming that the bounty becomes law, butter traders in London do not expect it to affect the London price or sales of Australian butter. The Irish made inquiries into the worxing of the Australian bounty scheme on which their own is based, consequently it is believed that the only effect will be ■an increased price to Irish consumers, with consequent benefit to dairy farmers, though all share in the payment of the levy. ' v “The bounty clearly indicates President De Valera’s intention to concentrate on the British market, in which he is resolved to fight not only the Danes but also the Australians and New Zealanders,” says the Times’ correspondent. “The bounty should make the export price of the. Free State’s butter 110 s per cwt. as compared with the home price of 1475.