BRITAIN’S WHEAT
AN IMPORTANT SCHEME. (United Press Association—By Electric Telegraph—Copyright). LONDON, February 4. Mr Wise, a member of the House of Commons, is understood to have a draft scheme for the bulk handling of Empire products, which he unfolded at the Royal United Service Institution. The plan is for the stabilising of British wheat prices. It is suggested that the whole of foreign wheat should* be controlled by a statutory corporation, with monopoly powers, the capital being guaranteed by Parliament. It would invoice grain by the millers oh the basis of prices' to be notified well'in advance, and so calculated as to cover the costs after the provision of proper reserves. There is an understanding that 'the corporation would endeavour to make bulk contracts. The Empire’s central ised co-operative selling orgnisation claim that the scheme would bring the price oif British home-grown wheat to a nearer relationship with world prices.
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Hokitika Guardian, 5 February 1930, Page 4
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150BRITAIN’S WHEAT Hokitika Guardian, 5 February 1930, Page 4
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