BRITISH MEAT TRADE

Waikato Times, Volume 94, Issue 14599, 24 February 1921, Page 5

BRITISH MEAT TRADE

WEDDELL'S REVIEW POLIOY OF CONTROL CRITICISED. INFLATED .PRICES RESULT. (Australian and N.Z."Cable Assn.) Received February 23, 5.5 p.m. LONDON, February 22. Wcddolls' review of tlio meat trade shows that the hfyorts for 1920 to the United Kingdom were 810,415 lons, which was 'JO,OOO in excess of any year in the history of the trade. The natural assumption that lower prices would resull had been falsified through the Government's adoption of a policy of holding up stocks in this country, and at the same time selling in foreign countries a part of the supplies purchased for the United Kingdom. The Government policy of holding was .just what would have been expected from any financially-strong speculator owning large slocks, and il certainly worked out successfully as far as profit-earning or the avoidance of loss was concerned, and the taxpayer has gained by the consumer being compelled to pay inflated prices for meat. Food control has become a synonym for increased cost of living.