WHEAT FROM AUSTRALIA.

Taranaki Daily News, 14 August 1918, Page 2

WHEAT FROM AUSTRALIA.

ANOTHER TWO MILLION BUSHELS | BOUGHT. By Telegraph.—Press Association. Auckland, Last night. The Hon. W. D. S. Mac Donald announces that a further 2,000,000 bushels of wheat have been purchased in Australia on tho same terms, namely, Os Tid a bushel, as those upon which 2,000.000 bushels were purchased last month) The Isew Zealand Government provides the ships for transport, the wheat being delivered f'.o.b, in Australia. One shipment is already on the way and should arrive in Auckland in a few days, and further freights have been arranged at intervals, without interfering with the intercolonial carrying service.

As o th wheat production of the Dominion, the Mine says the winter sowing has been far less than that of last year, and a smaller spring sowing is also expected. Farmers had been innominate for the past three years in getting low yields, hut if the average during tho coming sen son was 28 or 30 bushels an acre this, with the addition of a million bushels from Australia half yearly, would assure the supply of wheat for the Dominion's requirements, which were 500,000 bushels monthly for Hour purposes, and. .100,000 bushels for other uses. In a few days the minimum price of (is 4il, with a free market, will be gazetted as the amount fixed for the coming season's wheat. So far as the interpretation of "free market" stand, Mr. Mac Donald says the Government has no idea of prejudicing a reasonable market price, and whatever was the fair market price over and above Gs 4d tho Government will be prepared to pay to the farmers.