WORLD WHEAT POOL

Hokitika Guardian, 15 December 1932, Page 5

WORLD WHEAT POOL

SUPPORT GIVEN

FOR INTERNATIONAL CONTROL. (United Press Association—.By Electric Telegraph—-Copyright; HURON (South Dakota), Dec. 13. The international control of wheat piouuction m older to ,reduce the Avonu wheat surplus, and thereby stabilise the prue, iorccast on Tuesday a*, a consequence of • the proposed enactment by trie luwteu acin-eis Congreve, of u voluntary domestic allotment

L-- n - Mr W. R. Ronald, Avho i s one of the sponsor*) of this plan, said that it was imt only possible, but probable. He stated; “The inquiries received indicate a growing interest in the plan by Canadians and by Australian observers m the United States. Britain i had adopted, the plan, in principle, in her Wheat Act of May last, it being an 'importers’ applied plan to the stimulation of production, but not using the limitation of production, which is the feature that is proposed by the United States. The adoption by Congress of this plan, with control through the limitation of the Avheat acreage of the individual farmer, would set forth means by AA'hich Canada, Australia, the United States and Argentina could effectively carry out an agreement for the curtailment of the production to neiar a balance with the demand, and thus do away with any unsaleable surplui, This takes no account of Russia, Avhose trouble s were likely to keep lieu out of the market for gome time.” Support for a Avorld Avheat pool is apparently gaining strength, so 'lnternational Pool supporters said on Tuesday night Avhen commenting on Mr Ronald’s address at Huron. At a, recent Alberta Wheat Pool meeting, many delegates advocated an International Wheat Board. The Government wag requested to convene a conference of the wheat exporting countries to deal with the present marketing situation.