PRICE OF WHEAT
A PROBLEM FOR THE GOVERNMENT. The Prime Minister is going to Cliristchureh on Friday to discuss with representatives of the wheal: growers the price of wheat, and the basis on which wheat may be produced next season. As is well known, the Government has been paying a heavy subsidy to millers to enable them, to buv wheat at the controlled price of some Cs. 6d. a bushel, and to sell flour io tho bakers at .615 a. ton. Tf this policy is to be pursued in the future, then it may be that the Government will have to increase the subsidy considerably. The alternative seems (o be a huge increase in the price of bread.
In assessing the value of wheat: grown in A T civ Zealand, it is common to fix it at tlio cost of bringing Australian wheat to this countrv. Before the war, or rather before the Government bought Austral inn wheat, New Zealand was lirotectcd by a. duty, but: of course (ho Government does not. pay duly, and this protection does not operate. The Australian export price has been increased to Bs. lid. ner bushel, and that wheat could probably not bo landed m this country at less than Bs. Od. per bushel. That is the problem as it presents itself to the Government, and it does not look an easy one.
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Dominion, Volume 13, Issue 92, 13 January 1920, Page 4
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229PRICE OF WHEAT Dominion, Volume 13, Issue 92, 13 January 1920, Page 4
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