DEPRESSION IN MEAT TRADE VERY SERIOUS.

Star (Christchurch), Issue 18188, 22 June 1927, Page 4

DEPRESSION IN MEAT TRADE VERY SERIOUS.

AUSTRALIAN EXPORTERS BEING FORCED OUT. By Telegraph.—Press Assn.—Copyright Aus. arid N.Z. Cable Association. (Received June 22, 1.10 p.m.) SYDNEY, June 22. With reference to the depression in the meat trade, the “Sydney Morning Herald” says: “For some time export houses have been losing heavily. Several freezing works closed down, and a number of exporters have gone out of business. “One authority places the exporters’ losses at £2,000,000. Other quarters regard this as a conservative estimate, and point out that the losses continue, but cannot go on indefinitely, and that if more exporters ars forced out of the trade stock-owners must suffer. “A number of factors have contributed to create this unsatisfactory position. one of the chief being the increase in the cost of operating freezing works, which has gone up 100 per cent, while the prices of exported meat in London are down to practically the pre-war level. “Organised effort on the part of the Commonwealth Government, pastoralists and those interested in the meat export trade is strongly urged in order to retrieve the position.”