TAR do case of good freezing works, the grading for quality is so regular that the retailer can usually depend on obtaining what he has ordered without having first to examine the goods on the whole- saler’s stall, or at a cold store, before he completes the transaction. This is tending to reduce the significance of wholesale meat markets in the distribution of imported supplies. The fact that refrigerated and fresh-killed meat can be so sharply differentiated in a number of important respects, may, at first sight, lend colour to the view that in a series of studies dealing with the marketing of produce sold off farms in England and Wales, the present report is an intrusion. The large-scale production, processing and distribution which characterise the trade in refrigerated meat in the great exporting countries is not, however, without lessons applicable, with due adjustment, to the smaller farms, the infinitely smaller flocks and herds and the mainly individual butchering which mark the home-killed meat trade in this country. The price obtained for a steer in the country districts of England and Wales is necessarily affected by conditions ruling in the distant Argentine; similarly, English lamb prices are influenced by conditions in, say, New Zealand. Again the methods of distribution pursued by the importing firms which have brought ¢ dressed” meat into the very heart of the English countryside are bound to react on the marketing of home produce. Hence the marketing of home produced meat must needs take note of the marketing of imported meat, and the present position and structure of this great inter- national industry which supplies roughly half the total quantity of beef, mutton and lamb consumed in this country, must be of interest to all who profit—or suffer—by the cheapness of its products. Similarly, as markets become world-wide, knowledge confined to one country, or part of a country, is not, of itself, a sufficient guide for intelligent production and marketing. Information must be co-extensive with the whole producing and marketing field. It remains to be observed that this Report is intended as a descriptive rather than as a critical survey of the machinery of distribution at the disposal of imported meat supplies. Detailed examination of the costs and profits of the various intermediaries engaged, directly or indirectly, in the trade has not been attempted, as most of this ground has recently been explored by the Royal Commission on Food Prices.* Nor has Smithfield Market been described in detail apart from the business conducted there, as the circumstances of this important market were fully investigated by the Departmental Committee on the Wholesale Food Markets of London which reported in 1921 + * Cmd. 2390. 1925. See also Report of Linlithgow Committee on Meat. Poultry and Eggs. Cmd. 1927. 1925. + Cmd. 1341. 1925. See also Report of Linlithgow Committee on Meat, Poultry and Eggs. Cmd. 1927. 1925.