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Thursday, 11 September 1958
Page: 1125

Mr McMAHON - The New Zealand Government has reduced the price for butter fat paid to the producer to, I think, 40d. Australian currency equivalent per lb., which is a reduction by 10 per cent, of the price previously paid. I think it has issued a statement that this price will be continued throughout the current dairying year. The House will know that the interim price - not the final price - paid for butter fat in Australia is 45. 2d. per lb. and, -of course, there will be a substantial final payment when all the butter has been sold. I think that that is the answer to the honorable gentleman's question, but I shall have another look at it, and if there is anything further to add to my answer I shall COm.municate with him.

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