THE SUGAR OUTLOOK.

Taranaki Daily News, 27 January 1920, Page 4

THE SUGAR OUTLOOK.

THE POSITION IN TARANAKI. NO SUGAR m SOME SHOPS. , - The sugar position in Taranaki is par-' ticularly acute, some New Plymouth shop-keepers stating that they had no sugar m stock. The Colonial Sufar Company promised to forward noraal supplies from Onehunga by the Rarawa yesterday, but no further advice has been received from them, and ih» total cargo on the Rarawa thig .trip only amounts to eighty tons, LARGE SUPPLY IN SIGHT. GOVERNMENT AGREEMENT EXTENDED. By Telegraph.—Press Aggociation. _, _ Wellington Last Night The Prime Minister announced to-day that the present agreement with thV Colonial .Sugar Refining Company will not be terminated in March as intended, but will continue until the end of June] when more definite information as to the crop now growing will be available. Since November the position in regard to supplies for New Zealand has improved so considerably that the Company anticipate that in all probability eighteen months' supply for normal requirements is now in sight. Mr. Astley, representing the Colonial •'iigar Company, is now in New Zealand to confer with the Government regarding the present position of sugar supplies and future sales, of sugar to -New Zealand. It i s very difficult to Obtain information .u to the shortage It is ronam scarcity prevails in some locaht.es, but not in others, and ai the company claims to be turning out about the same bulk as usual it is suggested that there is not really a aeriouslaortover the whole Dominion. The purchase is another matter The government has in recent years conti oiled the price and arranged with the company the price at which it woukl soil in aimntit.tr. The existing «W ne.it will shortly expire and ariJom, must be made which will be discussed between Mr. Astley and Mr. the head: of the Board-of Trade