6 OCTOBER 1984, Page 21

Bull market?

How pleasing to find, among the City bustle of Cannon Street, a country idyll — the offices of the Dairy Produce Quota Tribunal for England and Wales. This body has just been set up by a government whose Chancellor has dedi- cated himself anew to creating jobs, by removing artificial obstructions from free markets. The Tribunal will consider claims from dairy farmers who wish to produce more milk that is permitted by Common Market regulations, which might cause them special hardship. Great lows of com- plaint are going up from byres far and wide, and worthies are being drafted in at £450 a week (plus expenses) to adjudicate. It would be surprising to learn that there is a single cow within a five miles radius of Cannon Street, where City rents and rates — together, the dearest in the land — make dairying prohibitive. But perhaps we shall see the apple-cheeked drovers guid- ing their herds down St Swithin's Lane, with a passing moo to Rothschilds. Or perhaps the City Fathers have caught a touch of the Marie Antoinettes. They might have chosen Milk Street.