SUPPLY OF SUGAR.
FURTHER CONTRACT CONFIRMED RETAIL PRICE UNCHANGED. '* By Telegraph.—Press Association. I Oamarn, Last Night. The purchase by the Government from the Colonial Sugar Refining Company (as recently stated by a cable from Sydney) of a further 20,000 tons of raw sugar was confirmed to-day by the Hon. E. P. Lee (Minister of Industries and Commerce). “In making the purchase,” said the Alinister. “the Government was largely guided by the fact that the prior Government contracts furnished supplies of sugar to the Dominion up to the month of February. 1923, only, and it was decided by Cabinet to purchase at the favorable terms offered the balance of the raw sugar available at Fiji, so aa to ensure supplies for the full jam season and up to the end of June, 1923.” The Alinister added that by averaging prices over recent purchases there would be no increase in the retail price up to the end of June. 1923. “New Zealand,’ he said, “will still be in the position of marketing sugar at a lower price than in moat parts of the British Empire, and about lid per lb. lower than the price now ruling in the Commonwealth.
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Taranaki Daily News, 7 November 1922, Page 4
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197SUPPLY OF SUGAR. Taranaki Daily News, 7 November 1922, Page 4
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