India

Stratford Evening Post, Volume XXV, Issue 68, 23 March 1915, Page 5

India

THE WHEAT QUESTION. REGULATION IN THE INTERESTS OF THE CONSUMER. United Press Association. (Received 10.10 a.m.) Delhi, March 22. The Legislative Council passed a resolution to prohibit the export of wheat until the price fell until it was equivalent to 17Ibs for 16d. Mr Clarke, a member of the Viceroy’s Council, announced that the Government proposed to assume control of the export trade on the following lines: No wheat will be exported save on the Government account from Ist April next to Ist March, 1916, the leading wheat-export firms being employed as agents to buy on commission at prices indicated by the Government, and the Government will take the-pro-fits, which represent the difference between the world price and the Indian price, the latter being kept up artifically. The price at which the Government commenced buying was not announced, but it will be relatively high compared to the prices to be offered later. The Government hope in this way to bring the prices steadily and surely down, the prices in effect being regulated through the export trade in the interests of the consumer.