The Butter Market.

Waikato Times, Issue 12185, 21 September 1911, Page 3

The Butter Market.

"NEW ZEALAND'S GAMBLING SYSTEM." At tbe conference' cf representative of the Australian Co-operative Butter Factories, held in Sydney, Mr H. W. Roberts, representative >.'f the. Westem Districts Company, Victoria, speaking on tbe direct export policy, said they had had experience of direct exi-oit from the inception of the trade. Their factories had proved. yond. a shadow of a doubt that direct export was the most payable in seven years, out of ten. Local sellni-.- had proved most disastrous to New 2Jealar.d factories. He hal compare: 1 the balance-greets cf New Zealand factories for the yaars, and not one of them: paid the same avera S 'j prico as bad the co-operative factories in Victoria. Last year h-a bad compared the balance-sheets of thirty New Zealand factories with thirty Victorian, ami on the average the Victorian factories paid l£d per lb m'>re for the year. Tna gambling local sillirgi system of New Zealand which was brought about absolutely by grade stamping, had not , proved profitable to the producers. The farmers in Victoria fixed the price at which their produce should he sold, and the position could be wen in London, -as it had 'been in Australia, If producers were true to co-opera-tive principles. The weakness was the factories that split* consignments with speculative agents. His directors refused to accept split consignments. It rested with the factories to consolidate the position. After several delegates toad spoken- on the question, the following resolution was carried' unanimously :—" That this representative gathering of delegates from co-operative factories within the State, 'having now had considerable experience of the system of direct export pledges itself to uphold in its entirety that policy throughout tbe coming season."