GLUT OF WHEAT

Wairarapa Times-Age, 12 January 1939, Page 8

GLUT OF WHEAT

PROPOSALS FOR UNITED ACTION

AGREEMENT ANTICIPATED.

INDUSTRIAL USES OF GRAIN

By Telegraph—Press Association—Copyright (Received This Day, 11.10 a.mJ LONDON, January 11.

The political correspondent of the Australian Associated Press says it is now almost certain that the Wheat Committee will agree to recommending the world conference to consider specific proposals for solving the wheat glut. The proposals probably will be:— (1) Co-operation between exporting and importing countries. (2) Any agreement to be for at least five years. (3) Normal exporters to agree to a scale of minimum prices, representing a substantial increase on present prices, the abolition of export subsidies, and an arrangement for sharing the estimated world demand on the basis of export quotas. Fourteen countries expressed themselves as being in favour of the general principle of a conference. The views of others will be heard tomorrow. Australia, the United States, Hungary and Germany support it almost without reservation. The Soviet and India reserve the right to consult their governments. Poland and Holland expressed an opinion that the conference should deal with all types ol grain.

The committee, on the. recommendation from the Winnipeg Grain Dealers’ Association, discussed industrial use: for wheat, but reached no decision pending consideration of the proposal for a world conference. Poland stated that it had made considerable progress in the manufacture of petrol dope from wheat, used to give aeroplanes additional power for taking off from the ground.