982 Agricultural Journal of Victoria. 



From this it will be seen at a glance what cheese should realise to 

 be equally profitable to butter at a given figure. For instance, 

 some time ago, the cabled quotation of the price of the best New 

 Zealand cheese in London was 39s. per cwt., while butter was 80s. 

 From the above table cheese should be 44s. or 5s. higher to be equal 

 to butter, or that if butter dropped to 73s. 7d. it would still be as 

 good a value as cheese. 



These figures were compiled in May since which time the value of 

 Victorian butter in London has advanced to 114s. per cwt. while 

 cheese has only advanced to 45s, according to the latest returns and 

 it should be 60s. per cwt. to be equal to butter. 



