NEW ZEALAND BUTTER

Wanganui Chronicle, Volume LXXXIII, Issue 19785, 8 March 1927, Page 6

NEW ZEALAND BUTTER

Apparently the New Zealand Dairy Control Board has awakened to the result of its policy and has become panicky. In the hope of clearing off some of the accumulated butter stocks in London it reduced the price 8s per cwt. a fortnight ago. But the trade held aloof, sales were still poor, and fresh arrivals swelled the stocks still further. Now the Board announces another cut in price of 6s for unsalted and 4s for salted, and is no doubt waiting to see whether the Home trade is still shy of dealing. There is no use blinking the fact that New Zealand has become highly unpopular in the English butter trade. Nor can there be any doubt that this is entirely due to the disastrous policy pursued by the Board. The natural result is a boycott on the one hand and a panic-stricken climb down on the other. It had been hoped that Mr Coates would have made some statement on the matter before now and given some indication of what course the Government intended to pursue. But he remains silent. We repeat the suggestion we made a few days ago: that the dairy industry is looking to the Prime Minister for light on the matter and for a lead, also that it has a right to expeet both.