NEXT SEASON'S WHEAT

Otago Daily Times, Issue 17989, 16 July 1920, Page 5

NEXT SEASON'S WHEAT

BASIS OF GOVERNMENT'S PURCHASE CONTRACT. (Peb United Pkess Association.) WELLINGTON, July IS. The following decision was arrived at after tho meeting between the Prime Minister. the Minister of Agriculture, representatives of tho Wheat Trade Committee and tho Wheat Controller" The basis of the Government's contract for the purchase of next season's (1920-21) wheat crop will be 7s 3d for Tuscan and similar-varieties, 7s 6d for Hunters, and 7s 9d for Poarl, all f.0.b., with fd increment per month for the six months commencing May l._ The foregoing basis is subjcct to the following adjustments: (a) In tho event of New Zealand requiring to import, an adjustment will be made on tho basis of the price at which milling wheat can be purchased in February, 1921, and landed ex wharf, having regard to tho quality and to necessary adjustment between the North Island and the South Island parity; (b) in the event of New Zealand growing sufficient for its requirements, adjustment will be made on the basis of f.o.b. Australian value, provided Australia has any exportable surplus, but, in any case, purchase prices will not be less than the minimum prices stated above for the respective varieties, with the mont"hly increment.