PRICE OF WHEAT.
A PROBLEM FOR THE GOVERNMENT, The Prime Minister is going to Ctoiit* church on Friday to discuss with rtpreBentatives of the wheat growers the price of wheat, and the basil on which wheat may be produced next season. As is well known, the Government has bees •paying a heavy subsidy to millers to enable them to buy wheat at the controlled price of some 6s 6d a bnthel, and to sell flour to the bakers at CIS a ton. If this policy is to be pursued in the future, then it may be tut the Government will have to increase the subsidy considerably. The alternative seems to be a huge increase iu the price of bread. In assessing the value of wheat grown in New Zealand, it is common to fix it lit the cost of bringing Australian wheat to this country. Before the war, or 1 rather before the Government bought Australian wheat, New Zealand was protected by a duty, but of cours? the Qov» ernment does not pay duty, and thia > protection does not operate. The Australian export price has been increased to Ss lid per bushel, and that Wheat could probably not be landed in thia nouutry at less than 8s fld per bushel. That is the problem as it itself to the Government, and it does. Sot look an easy one.
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Taranaki Daily News, 14 January 1920, Page 5
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228PRICE OF WHEAT. Taranaki Daily News, 14 January 1920, Page 5
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