Mr. Robert McCubbin (Parliamentary Assistant to the Minister of Agriculture):
Tuesday, April 26, 1949, the member for Victoria-Carleton (Mr. Hatfield) asked me a question in the absence of the Minister of Agriculture. Today I wish to give a reply to that question.
Approximately 2,500,000 pounds of No. 1 creamery butter has been bought by the dairy products board at the floor price of 58 cents per pound, basis No. 1 solids delivered Montreal and Toronto. The policy has been to store butter at or near the point of purchase. Market quotations indicate that butter prices have been stabilized at the equivalent of the floor price.
No decision has been reached to sell butter below cost. This is a matter of government policy which will be decided at the appropriate time.
Subtopic: SUBSIDIES FOR PRODUCERS