FLOUR SUBSIDY.
STATEMENT BY THE MINISTER. By Telegraph.—Press Association. Wellington, May 24. The flour subsidy authorised by Cabinet some months ago is now being paid to millers who substantiated their claims to it. The Acting President of the Board of Trade (the Hon. MacDonuld) said today that the amount of the subsidy was calculated according to the sum necessary to make up the difference between last season's cost of production and this season's. There was an addition of 8(1 per bushel to the price of New Zealand wheat, and the price of flour had been reduced by 10s a ton to enable bakers to make good certain increased charges. These and other smaller items formed the basis of the flour subsidy, which worked out at about £2 15s a ton, according to the varying circumstances of the millers. The idea was to ensure a reasonable return to the miller, so that he might be enabled to carry on i his business.
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Taranaki Daily News, 26 May 1919, Page 3
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161FLOUR SUBSIDY. Taranaki Daily News, 26 May 1919, Page 3
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