DEAL SATISFACTORY
RECENT N.Z. WHEAT PURCHASE
CHRISTCHURCH, . July 25. The Charge made .by,. , the- Auckland "Chamber of .Commerce that the Government had paid, i aboye the ruling market price for the 850,000 bushels of wheat it had purchased, | ro fPi Australia was ■.described yesterday ;by "a member of the Wheat Marketing Board as just pure" imagination. H e pointed out that before closing the deal,' several 'quotations' were received, and; the average price of 3s 3Jd a bushel f.o.b. .that was being paid was,. the - most satisfactory. i.rThe exchange question was also a factor in determine ihg the price, for the reason that some Australian shippers insisted ,-on pay- - merit in London. .. , , -. , / It was denied that any wheat hcd , been purchased in Western Australia. Practically . all tihe /supplies,' added the informant, were coming from Victoria. lower- than- the -price ./paid: were supplied the Government, but the demand for payment in .London would have made the price ...dearer in the long run.-. The wheat .Wn purchased all been paid;, for -, in. the Common-. Vwealt'h, The (joyernrijent had set out. to:mak e .the best,- possible deal- and it had achieved that end.-
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Hokitika Guardian, 26 July 1932, Page 3
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190DEAL SATISFACTORY Hokitika Guardian, 26 July 1932, Page 3
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