DAIRY EXPORTS.

Wairarapa Age, 14 December 1920, Page 7

DAIRY EXPORTS.

MATT El! KOU COXCI?ATI'I.ATIOX "ft is, I am sun;, a matter for inticli eoujiratualtion,''. remarked t|u: Chairman of the Dank of \cw Zealand, ''lliat the butter output- of tlio Dominion, available I'm- export up to Hist March next, has been bought by tlio Imperial Government ai L'NOs per cwt —1 lie highest, price ever realised lor this produce. Payment lor holier will he made fourteen days after it has been passed by ilie Government grader. New season's cheese, a short time ayo, was in strong demand ; but serious industrial troubles in (Jrent Britain. in their train a amount of unemployment', have had a very depressing effect on. the market, and values have fallen substantially. If there lie no recovery in (nice, it is most probably Hint many of the dairy factories equipped with dual plants will at once commence to make butter instead of cheese; so. from a financial standpoint, we should not be prejudiced to the same extent lliat wo would be were they compelled to confine their operations to Hie production of cheese only. It may he mentioned that arrangements lor tlie shipment of butter can bo made much more promptly than those for cheese*; .1 believe 1 am warranted in assuming that the exports of dairy produce for the present season will realise something in the neighbourhood of CI L>.000.000. which would far exceed the result obtained in any previous year. ''Tallow, hides, pelts, sheepskins, rabbitskins. and hemp have all dropped in value, and the outlook appears to he for a further decline. Thus it must bo apparent, that the income of the Dominion will be less than it has boon, and the spending power of the communitv must contract."