THE PRICE OF BREAD.

Taranaki Daily News, 3 March 1920, Page 5

THE PRICE OF BREAD.

THE DECISION 2fOT ANNOUNCED. ' By Telegraph.—Press Association, Wellington, Ma.reli 2. The proposals in connection with the price of flour and bread were considered this morning by the Prime Minister in conjunction with the bread trade and heads \of tho departments concerned. The conference lasted all the forenoon and the decision arrived at will be submitted to the Cabinet. It is unlikely that the increases will be as great as' forecasted in the Press Association telepram, namely £3 a ton in the case nf flour at)d ; 2(1 for the 41b. loaf in the case of bread. STATEMENT BY THE 'PREMIER. ■Wellington, last Night. The Prime Minister informed a Dominion reporter that the matter had (been considered at great length and certain decisions were readied. These decisions would lmvc to be referred to Cabinet for approval, and in the meantime he could make no announcement as to pricesThere is reason to believe that the increase of. twopence in the price of a four pound loaf, announced on Saturday, will not be confirmed, ar|d that (lour will not advance in price to the extent already tfop'orted, that is, by £3 ton. The continuance of the Government's subsidy on flour may be necessary in order to keep prices down. The announcement of prices made from Christchurch at the end nf last week was premature, as the final decision rests with Cabinet, which has not yet had an opportunity of considering tiie detailsMr. Massey slated the Government was taking action to prevent holders of wheat and fionr from making unfair profits when the new prices came, into operation. A complaint has been made in the South Island that millers are likely to benefit very largely liy' the changes now under consideration.