PRICE OF BUTTER.

Waikato Times, Volume 112, Issue 18682, 7 July 1932, Page 7

PRICE OF BUTTER.

THE PATERSON PLAN. WOULD NOT WORK IN N.Z. (By Telegraph.—Press Association.)^ WELLINGTON, Wednesday. Reasons why the Australian system of export bounty on produce, known as the Paterson plan, would not work in New Zealand, wero explained to t e Dominion executive of the Farmers Union to-day by Mr T. C. Brash, secretary' of the Dairy Produce Board. Mr Brash said the Paterson plan aimed at keeping up the price of butter in the local market. In New Zealand the farmer was being asked to sell butter at less Inan it cost him to produce it. The Paterson plan would be of no use to New Zealand for the reason that New Zealand exported all but one-sixth of her butter. Australia, on the other hand, exported only one-third of her butter. Mr Brash said the dairy producer in Australia was not having a very difficult time. In the best districts tills year the Australian dairy farmer would be getting as much as Is 5d a pound for butter-fat, whereas the New Zealand farmer would receive lid or Is. That was due partly to the 'arson plan and partly to exchange. the Paterson plan to be of any benefit to New Zealand it would be necessary to send the price of butter up so high that the public would not stand for it.