H.—3o.

Average Monthly Prices of Butter at London.

Average London Market-prices.

19

New Zealand. Australian. ,, . Finest Salted. Choicest Salted. -Danish. Month. 1935-36. 1936-37. 1937-38. 1935-36. 1936-37. 1937-38. 1935-36. 1936-37. 1937-38, Per Cwt. Per Cwt. Per Cwt. Per Cwt. Per Cwt. Per Cwt. Per Cwt. Per Cwt. Per Cwt. s - d - s. d. s. d. s. d. s. d. s. d. s. d. s. d. s. d. August .. 95 3 119 6 116 6 94 6 118 3 115 9 110 6 127 6 126 6 September .. Ill 0 107 9 117 6 110 6 107 6 117 3 .127 0 125 3 134 6 October 120 3 99 9 137 0 120 0 100 0 136 9 132 0 122 6 145 0 November .. 102 6 109 0 131 6 102 0 107 9 130 0 124 9 122 6 150 0 December .. 90 3 100 6 113 3 89 6 98 9 111 6 127 9 114 9 151 9 January .. 95 0 94 6 110 3 94 3 94 6 109 3 119 6 113 0 132 3 February .. 93 9 86 6 112 3 92 6 86 6 111 9 129 0 119 6 126 9 March . . 84 3 96 3 117 0 84 0 96 6 117 0 122 6 126 9 121 2 April .. 88 3 105 0 124 3 87 9 104 6 123 9 106 0 115 0 125 3 May .. .. 94 6 107 0 129 6 93 3 106 0 126 6 104 6 110 6 129 6 June.. 108 3 110 0 122 2 107 0 108 6 119 10 115 6 114 9 124 5 July .. .. 114 9 114 0 121 6 113 6 112 9 120 0 124 6 120 3 124 6 Average . . 99 10 104 2 121 1 99 1 103 5 119 11 120 3 119 4 132 8 1 (See also graphical tabulation of the weekly prices, which is published in this report.)

1935-36. 1936-37. 1937-38. Per Cwfc. Per Cwt. Per Owt. s. d. a. d. s. d. New Zealand .. .. .. 99 10 104 2 121 1 Australian .. .. .. 99 1 103 5 119 11 Danish .. .. .. 120 3 119 4 132 8 Premiums— Danish over New Zealand .. 20 5 15 2 11 7 New Zealand over Australian .. 0 9 0 9 1 2