GLUT OF BUTTER
CONTROL BOARD’S DECISION HOLDING UP SHIPMENTS LEVY ON ALL GRADES. SYDNEY, Dec. 22; The Dairy Produce Control Board decided. in view of the quantity of unsold butter at present in London and the heavy shipments being sent forward from New’ Zealand and Australia, to relieve the anticipated congestion by withholding in Australia 25 per cent of the production from export from about the middle of January onward. Arrangements have been made with the Commonwealth and Associated Banks to enable advances similar to those now made to exporters upon butter actually shipped to be obtained upon the percentage which is to be withheld. The Australian Stabilisation Committee decided that the Paterson scheme, providing a levy of 14d per pound on all grades of butter manufactured in the Commonwealth and the payment of 3d per pound export bounty on all butter exported on which the levy is paid, shall operate from January 1.
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Bibliographic details
Wanganui Chronicle, Volume LXXXII, Issue 19478, 23 December 1925, Page 11
Word Count
154GLUT OF BUTTER Wanganui Chronicle, Volume LXXXII, Issue 19478, 23 December 1925, Page 11
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