ROYAL COMMISSION

Hokitika Guardian, 20 April 1931, Page 3

ROYAL COMMISSION

WHEAT FUTURES. (United Press Association—By Electro Telegraph.—Copyright .) VANCOUVER, April 19. A Regina message states:—A hundred per cent, wheat pooling, quoted as. a remedy for the alleged abuses under grain futures marketing, appeared to-day for the first time as a topic of discussion before the Royal Commission, headed by Sir Josiah Stamp, which is probing the effects of futures trading on prices to the producer, under the so-called perfect pool plan, grain futures would be abolished. Harry Marsh, a farmer and pool director, said that a hundred per cent, pool was not necessarily the only alternative, but referred to national and international control of exports ns a needed means of aiding the farmer. “An alternative as I see it,’’ he said, ‘‘could be one form of total control among world exporting countries.” “Have you ever thought of a world wide grain insurance to replace futures” asked Sir Josiah Stamp, when making his third reference during the Commisison’s sessions to the gigantic premium plan to cover wheat fluctuations. Mr Marsh casually replied:—“Yes and T do not think it would lie any move eostlv than the futures system.”