DAIRYING INDUSTRY.

Waikato Times, Volume 112, Issue 18805, 29 November 1932, Page 8

DAIRYING INDUSTRY.

NEW ZEALAND EXPORTS,

810 INCREASE PROBABLE.

MR DYNES FULTON’S OPINION.

AUCKLAND, Tuesday. Mr Dynes Fulton, chairman of directors of the New Zealand Cooperative Dairy Company, Limited, on returning from Australia to-daj, said he had no statement to make regarding the meeting of directors of Empire Dairies, Ltd., in Melbourne. In an interview with the Sydney Morning Herald before leaving Australia, Mr Fulton said that he anticipated that New Zealand butter exports this season would be increased by 15 per cent. As there was every indication of Australia having a similar increase, it was probable that 30,000 tons of additional butter would be exported this year to the British market. This huge additional quantity, stated Mr Fulton, could only be consumed at slightly lower prices than pertained during the previous season, which would offset any immediate benefits which otherwise would have been received as a result of the additional duties agreed upon at Ottawa.

BUTTER SHIPMENTS. THE PROPOSED REGULATION. BOARD SECRETARY EXPLAINS. (By Telegraph.—Press Association.) WELLINGTON, Monday. When asked for an explanation of the Australian announcement of the proposed regulation of butter shipments, Mr T. C. Brash, secretary of the Dairy Produce Export Board, said that In effect the Australian board had decided upon a policy of regulating butter shipments and so was falling Into line.with what New Zealand had been doing for some years. The policy of the New Zealand hoard was not a new one; it was In accordance with the policy that had been followed for some years. To dump on the English market 75 per cent of the Dominion’s total exports during the seven months during whioh this percentage was manufactured would be a suicidal policy, said Mr Brash. Further, the absence of New Zealand butter and cheese from the market for part of the year would not only break trade connections, but would tend to turn the attention of sellers to avenues of more regular supply. When it was pointed out that the estimated arrivals of New Zealand butter in Britain during November, December and January this season were 36,870 tons, or 4730 tons more than for the corresponding period last season, and 9627 tons more than for the three months of 1930-31, Mr Brash said It had been the board’s policy to ship quickly to the end of November and then to regulate the flow of shipments. The board worked In close co-operation with the Tooley Street Importers’ Association, with, whom the board’s London manager held frequent and regular meetings. As far as advances against withheld stocks of New Zealand butter were concerned, Mr Brash said there never had been any difficulty in they Dominion, as such advances were" provided for under a bank letter of credit under what was known in the trade as the “red letter .clause,” a practice that had been operating foe many years.