30 the Board does keep up prices; in another sense the Board keeps prices down. In so far as the Board does not regulate the total quantities leaving New Zealand during any year, but merely distributes those quantities more evenly over the year, while, at the same time, fostering production, there is ground for the view that its operations are not inimical to the interests of the consumer. They are certainly calculated to reduce speculation, The price history of the New Zealand trade since 1922 has been a happy one, and would have been so without a Meat Board.* Correspondingly, the Board has been fortunate in being able to concentrate on important questions, such as grading and shipping, which could only be dealt with by action taken on behalf of the industry as a whole. Its problem has been comparatively simple; the works and ports provide convenient points from which to regulate shipments; the industry, whose interest it serves, is one of vital concern to the Dominion, and has the support of a strong body of Dominion opinion. Business is easy and pleasant when prices are satisfactory; it is during times of slump that a business organisation is tested out. So will it be with the New Zealand Meat Producers’ Board, if and when it is confronted with the real problem of prices and has recourse to its powers of taking over the sale of New Zealand meat in the world’s markets. (b) The Australian Meat Council.t—At first a voluntary organisation, established in 1922, with an honorary representa- tive in London, the Australian Meat Council will, in a few months, be established by legal enactment when the Bills now before the State Legislatures are passed. In Queensland, New South Wales and Tasmania this has already taken place. The problem before the Meat Council of Australia is more difficult than that before the New Zealand Meat Producers’ Board, for the country is much larger and the interests to be represented are not relatively so important to the population of the country as a whole, so that pastoral problems assume less significance. In New Zealand again, the Board has to control an article—taking mutton and lamb together as one commodity— for which, at present, there is no real substitute from other sources at similar prices, a fact which enormously simplifies the problem of control. Beef is but a minor part of their task. In Australia, both cattle and sheep constitute the problem— the former, indeed, is the major factor. Distance, too, must affect the corporate feeling of the livestock industry in Australia; the producers of Northern Territory and Western Australia, for example, are separated by vast distances from their fellow pastoralists on the eastern slopes. In spite of the difficulties, it is the task of the Meat Council to view the whole pastoral industry as one unit. * See also ““ Report of Royal Commission on Food Prices.”” Cmd. 2390 1925, paragraphs 301 to 308. t See also ““ Report of Roval Commission on Food Prices.” Cmd. 2390 1025. paracrabhs 312-313.