BRITISH BREAD SUBSIDY
SUBSTANTIAL REDACTION IMPERATIVE / (Rec. March 10, 0.10 a.m.) London, March 8. In the House of Commons.'at question time, Mr. Lloyd George stated that the Government had decided that the abolition of the bread subsidy was inadvisable.'at present, but a substantial reduction.in the Estimate for the current financial year was imperative, consequently the wholesale price of flour would lie raised by 19s. 3d. per sack of 2601b. on March 15; also the average rate of extraction which must bo obtained from wheat would be raised from 77 to -80 per cent. In order to ensure thjt the be.ne.£,t of the increased value of traders' .stocks should pass to the consumer or the taxpayer, no advance in the retail price of flour or bread would be germitted until April 12. Arrangements had becii made to check traders', stocks. It was estimated that the reduction in the subsidy would amount to about £15,000,000 for the current financial year.—lmperial News Service. '
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Dominion, Volume 13, Issue 141, 10 March 1920, Page 7
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160BRITISH BREAD SUBSIDY Dominion, Volume 13, Issue 141, 10 March 1920, Page 7
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