DO BOUNTIES PAY?

Auckland Star, Volume XLVII, Issue 236, 3 October 1916, Page 9

DO BOUNTIES PAY?

EFFECT OF SUGAR DUMPING. ' *-T_e European Sugar Bounties: A ' Study of Dumping/ was the title of an interesting paper which was read by Mr E. V. Miller before the Auckland Institute last night. Professor BL W. Segar presiding. The paper explained the systems which had been adopted by various European countries to encourage the production of sugar by the payment of bounties on exports." This had the effect of providing Great Britain with cheap suaar. while the countries which produced two-thirds of the sugar of the world (those on the Continent) had to pay famine prices. That was a direct outcome of the bounty system. Sugar was an expensive luxury in some of the countries which were exporting far more than they could coitsume. After the Sugar Convention of 1003, said Mr Miller, prices fell considerably on the Continent and rose in Great Britain. Speaking in a general way he said that he had never heard of any considerable trade that had been ruined by dumping. . The struggle which had taken place in connection with the sugar bounty system had been a dismal failure. In complimenting Mr Miller upon his able treatiee, the Hon. Geo. Fowlds remarked that the countries in which the bounties were paid were not the ones to benefit by the system. On the motion of the chairman a hearty vote of thanks was accorded to Mr MiOer.