H.— 44.

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4. Save in accordance with and in pursuance of the scheme of purchase and sale set forth in these regulations, it shall not be lawful for any person, whether as principal, agent., or otherwise, to sell or agree or offer to sell any wheat other than free wheat, or to be concerned in the making of any such sale, agreement, or offer by any other person, whether in New Zealand or elsewhere, or to be concerned in the fulfilment or performance of any agreement for the sale of any such wheat, whether such agreement has been made in New Zealand or elsewhere, and whether it has been made before or after the making of these regulations. 5. In the foregoing regulations the terms "purchase" and "sale" include, any mode of acquisition or disposition by agreement other than acquisition or disposition by way of security only. 6. For the purposes of the foregoing regulations an option or right of purchase or sale shall be, deemed to be an agreement to purchase or to sell, as the case may be. 7. Notwithstanding anything in these regulations, it shall be lawful for the grower of any wheat to sell any quantity or quantities thereof not exceeding in the aggregate 100 bushels to any other wheat-grower for use by the purchaser as seed-wheat. Part 11.--Control of the Wheat Trade. 8. Good milling-wheat will be purchased and resold by the Government in accordance with the scheme hereinafter in these regulations set forth. 9. All purchases and sales of wheat by the Government will be effected through the agency of brokers appointed by the Board of Trade and acting on account of the Government, and hereinafter referred to as Government brokers. 10. Every broker so appointed shall hold office at the. will of the Hoard of Trade. 11. Government brokers will be, required to give, to the Government such security as the Board of Trade may require for the due performance of their contract with the Government and for due obedience to these regulations. 12. The general control, supervision, and execution of this scheme of purchase and sale will be in the hands of a. Controller appointed by the Minister of Agriculture and acting on behalf of the Government, and hereinafter called the Wheat Controller. 13. The headquarters of the Wheat Controller shall be at Christchurch. 14. There will be associated with the Wheat Controller an advisory committee to be known as the Wheat Trade Committee, and to consist of such representatives of the wheat-growers, Sourmillers, and Government brokers as the Board of Trade may from time to time appoint. 15. Every Government broker will be appointed for a particular district to be defined by the Hoard of Trade in appointing such broker, and it shall not be lawful for any such broker to purchase for the Government under these regulations any wheat grown elsewhere than in the district for which he has been appointed. Part 111 - Purchased of Wheal by the, Government. 16. Government brokers will buy good milling-wheat on account of the Government at the following prices : A. Good milling-wheat grown in the South Island : 1. Sold for delivery free on board at the nearest port — (a) In January, February, or March, 1918, sb. lOd. per bushel. (b.) In April, 1918, ss. lOid. per bushel. (e.) In May, 1918, ss. lid" per bushel. (d.) In June, 1918, ss. lljd. per bushel. (e.) In July, 1918, 6s. per bushel. (/.) In August, 1918, 6s. OJd. per bushel. (</.) In or after September, 1918, 6s. Id. per bushel. 2. Sold for delivery otherwise than free on board at the nearest port — A price equivalent, as regards the seller, to the prices aforesaid. B. Good milling-wheat grown in the North Island : — 1. Sold for delivery free on board at the nearest port, being Wellington, Wanganui, New Plymouth, Napier, Gisborne, or Auckland — The same price as that of good milling-wheat grown in the South Island and sold for delivery free on board at the nearest port, with an addition of 4d. per bushel. 2. Sold for delivery otherwise than free on board at the ports aforesaid — A price equivalent, as regards the seller, to the price aforesaid. 17. Government brokers will not purchase on behalf of the Government any wheat other than good milling-wheat: nevertheless it shall not be lawful for any person to sell wheat of any quality otherwise than to the Government until and unless it has been offered to a Government broker for sale to the Government in pursuance of these regulations, and has been rejected as unmerchantable or as not being good milling-wheat. 18. In these regulations " nearest port " means the port of entry under the Customs Act, ,1913, nearest to the place where the wheat is grown. 19. Sacks will be paid for, in addition to the above prices, at the fair market value not exceeding 10id. each. 20. When wheat is sold to a overnment broker without express agreement as to the month of delivery it shall be deemed to be sold for delivery in the month in which the contract is made. 21. When wheat is sold to a Government broker for delivery by instalments in different months or on different terms or conditions, the sale of each instalment shall be deemed to be a separate contract.