MR. GOODFELLOW AND THE DAIRY INDUSTRY.

Thames Star, Volume LXV, Issue 18241, 15 July 1931, Page 2

MR. GOODFELLOW AND THE DAIRY INDUSTRY.

In the review by Mr W. Goodfellow of the world outlook for the dairy industry, producers will find much material for study. Reassuring to them, and to the whole Dominion, will be Mr Goodfellow's considered opinion, reached after close inquiry and investigation on the spot in most producing countries, that our output need not fear displacement on the British market by a flood of cheap exports from the Baltic States and Soviet Russia. But for the poverty arid lowstandard of living in several of those countries, particularly Russia, there would lie no surplus for export, the population being quite capable, if it could afford to, of absorbing its home production. That goes to show, what New Zealanders do not sufficiently realise, that we have a practical interest in the reluxbilitaton of Europe. With Germany on her feet and Russia raised above the subsistence level, large quantities of butter that now go to depress the London market would never leave the countries grouped around the Baltic. Denmark herself would once again find a large market in Germany. For that reason we have more than an abstract interest in the War debt moratorium and the outcome of the further negotiations to be opened by the experts in London this week.