WHEAT ENQUIRY
[By Telegraph, Per Press Association.]
WELLINGTON, October 8
The reasons which actuated them in deciding to export surplus wheat were given before the Select Committee of the House considering the sliding scale duties, bv Mr Mulholland (Chairman of New Zealand Wheat Growers’. Co-op. Association) commonly known as the wheat pool. He said as a general rule during the past decade New Zealand had not produced a surplus but there wore two exceptions 1921-22 and 1928-29. During 1927-28 the surplus was greatly accentuated by the importation of wheat and flour ’equal to 1,721,425 bushels of wheat for the months ended December 31st, 1928.
In view of the heavy carry-over from 1927-28 and the addition of a further surplus in 1928-29, the wheat pool was faced with a difficult problem which would only be solved bv the export o r at least same portion of the surplus. To questions, he denied the export was to keep up prices. He could not give a reason why wheat had to 'he imported from Australia. They could not afford to hold the carry-over. In time it would mean their ruin.
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Hokitika Guardian, 8 October 1929, Page 5
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187WHEAT ENQUIRY Hokitika Guardian, 8 October 1929, Page 5
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