PRICE OF BUTTER.

Star (Christchurch), Issue 20000, 16 July 1920, Page 4

PRICE OF BUTTER.

the equalisation fund. [Ffeosr Our CoEREsro.'CDEKi.j WELLINGTON, July 15. The Prime Minister indicated, in jply to a question in the House, tiiat the Government proposes to continue the system which will enable New Zealand consumers of butter to secure supplies at a. reasonable price without, doing injustice to the producers. Mr Massey said , that tbo treasury estimated .that the cost of continuing the subsidy system for butter would be £200,000 a rear, as the consumption of butter had greatly increased. The Imperial Government had purchased the New Zealand output of butter until July 31, at 181s per hundredweight, which would not allow sales to tho New Zealand consumer at the present retail price without payment ol an allowance equal to twopence a. pound by the Government. It appeared tolerably , certain that the price of butter next season in England would be higher than at present, 0 and m considering the local price allowance must be made for the cost of getting the butter into the hands of the Engli£h consumer. ■ The Minister of Customs informed another questioner that when the British butter purchase ended there would be no objection to removing tho mubargo on the. postage of butter to