NEW DAIRY PRICE

Waikato Times, Volume 125, Issue 20891, 24 August 1939, Page 11

NEW DAIRY PRICE

REPLY TO MR GOOSMAN MR NASH’S RETURN AWAITED METHOD OF TREATING DEFICIT (By Telegraph.—Special to Times) WELLINGTON, Wednesday No announcement of the new guaranteed price will be made until the Minister of Finance, the Hon. W • Nash, has returned from England and has had time to confer with representatives of the dairy industry, according to a statement made by the Minister of Agriculture, the Hon. \\ • Lee Martin, in an answer in the House of Representatives today to an urgent question asked by Mr W. S. Goosman (Opposition—Waikato). Th© Minister remarked that the decision was announced at the beginning of the month following a conference of dairy interests in Wellington and had been published in all the newspapers of the Dominion. Mr Goosman asked whether in view of the urgent necessity ior dairy farmers to know their position as to prices and other conditions the Minister would say when the announcement of the new price would be made and whether the recommendations of the expert advisory committee on the guaranteed price were to be acted upon. Treatment of Deficit “When all the 1938-39 season’s produce has been shipped, sold o\erseas and the final results are known S' the Government will give consideraI tion to the treatment of the deficit then standing to the debit of the Dairy Industry Account,’’ said Mr Lee Martin, when replying to a question asked by Mr A. N. Grigg (Opposition —Mid-Canterbury). Mr Grigg asked whether any deficit in the Dairy Industry Account was to be debited against the dairy industry or was it to be met by the taxpayers of the Dominion generally. “Any consideration of the possible deficit In the Dairy Industry Account must take account of the fact that the guaranteed price scheme is a long-term plan,” the Minister said.