THE SUGAR BOUNTY.

Rangitikei Advocate and Manawatu Argus, Volume XXXII, Issue 8833, 8 June 1907, Page 2

THE SUGAR BOUNTY.

Per Press Association—Copyright. London, June 7. In the House of Commons Sir E. Greyannounced that Britain had intimated to the States concerned in the Sugar Convention that she is prepared to withdraw from the Convention inl9oS, unless there is exemption from penalising 1 bounty-fed sugar. ™ Sir E. Grey's idea with regard to the sugar bounties is to enlarge the sources of supply. He declared he did not desire to see a revival of the system of bounties. Commenting on the action of Govenment the Times argues in favour of the Convention under which the state of the colonial sugar industry was improved and adds, bat now Government had crushed without care the industry and given Germany and Austria a monopoly with power to raise the prices. After running counter to the wishes of the self-governing colonies in the Colonial Conference, Government is offering up the West Indies on the same altar of fiscal prudery.