FEDERAL WHEAT SALE

Dominion, Volume 12, Issue 268, 8 August 1919, Page 10

FEDERAL WHEAT SALE

A 1,000,000 TONS FOR GEEAT BRITAIN. Details of the provisions of tho «ile of J. 000.000 tons of whci't to tho Imperial Government .it 5o Od. f.0.b., indicato 'l;a r tho i'ridsh Government has tho option of the purchase of a further rW.OOfI tons on tho .same terms, to be declared by September 30, 101!). Provision in made, savs tho .Melbourne correspondent of the, Sydmy "Daily Telegraph/' for the retention by the Australian Wheat Hoard of its markets in Africa, New Zealand and tho West Coast of South America.. The proliis on re-sales made elsewhpre will lie for the benefit of the Austrian Wluat Board. This, however, will not apply to shipments for relief nun.osos. or military requirements, in India, Egypt, the British dominions, and the Mediterranean The British Givmiment has nsked for an option over an additional 500,000 tons, U, be declared by December 31, Stons have been taken to secure tho views of the mcrubeis of the hoard on this matter. in view of the uncertain prospects of tile coming season. However, if an option is given, it «ill be subject to the iit'lii, of review. In tho event of the r.cw season not yielding a sufficient surplus to siip'jiy adjacent markets, it is honed tliat arrangements may bo mado foi Ike conversion of a. portion of tho flieat sold into flour. The financial arrangements will be announced shortly.