PRIMARY INDUSTRY.

Waikato Times, Volume 119, Issue 19945, 23 July 1936, Page 8

PRIMARY INDUSTRY.

___.____ AND OVERSEAS MARKETS. ‘ QUESTION OF SUBSIDY. (Special to Times.) \VELLINGTON, Thursday. In his presidential address at. the annual meeting of the New Zealand Sheepowners‘ and Farmers’ Federation. Mr H. D. Ackland touched on the question of marketing and costs. " The primary producer of New Zealand for export.” he said, "can only meet such costs in what he receives from his wool, meat, and butter, unless the equivalent in New Zealand currency is sutihriently increased to tnret these internal rests and the disparity «rented hy the system of istatns living; applied in one section of ‘ihe community only, those, ruvcrcd hr iilonrt awards and statute lem. 11' this inecesnui'y equivalent is not providtd. much land “in certainly go out or pro—’duution. New Zealand prices tor I'm-m produce are determined in most cases by export or world parity. " This “as the position in 1930-32. when tho gross proceeds from many [high-country runs \\Cl'C not autitriont to coVer the rosts arbitrarily laid down by Llourt awards for bringing sheep in off the. runntl‘)‘. taking utll‘ the \\uul and delivering it into Store. and in the north, even to pay the rates and other statutory rhargcs, ln other words, the hlitlltft'il')‘ fixation of rn>ts at this period runsidcralvly over—ran Ihr pru» reads from the gm» rvtm'ns without any allowance having horn madr for sit-rm. ordinary nmintrnnnvc. intrrr'st on vapitai involved and rates and Uu\vrnmrnt taxation, “ 'J‘hcro \\oulrl appear to ho risk an prr‘sent indirutinns ul‘ a rernrrrnro of [hash t-nnditiuns. as without” a Substantial snlmidisniiijln to ment the extra msts. the additional rhal‘gns under Ihr limits or shipping rt‘t‘lflihlh. and freez—ing vhai’gos, roupltnl \\'ilh llm rust at" tlnl shortening nl‘ hours. may vlob'oly appmarh thr million pnnml mark, thi~ bring on armnnt nt‘ direct invreasps of rust lmdcr thcsn hm [watts alone. “ lt‘ t’al‘limncnt .\uhsidisus i\o\\' Zea—land primary prudurr‘ for export, there is u very grrat danger of “in British Gorermnvnt putting on a prutectivu duly rqnivalvnt to the amount or the snhsidy or mom This has already horn mh'm'aiml ])_\' tln: British farm—fins, and .\‘rw Zralnnd has to :u'nid tw—-in-g; arrnsod of dumping subsidific-t goods on the llritish nmrlmt."