GOVERNMENT WHEAT PURCHASE.
NEGOTIATIONS NOT COMPLETED. WELLINGTON, Thursday. The wheat supply question was considered by Cabinet to-day. Sir James AUen stated ip-day tint the news from Australia that the Hon. W. D. S. MacDonaid had completed the purchase of a million and a half-bushels of wheat was not authentic. A cable wa-s to be sept to Mr. Mac Donald that evening, and the bargain would proihably be completed in a day or two. This wheat is being purchased to make good a prospective shortage, which, at the present rate of consumption, wftl be experienced before next harvest. Sqme i£ew Zealand millers have sufficient wheat for their requirements, but there are many who are already short of the cereal. The price paid for the Australian waeat is higher than the Government expected to have to pay for it, but it is calculated that the millers will be able to sell flour made from it at the schedule price, except in the wheat ports qf thq South Island. If the new wheat is Sanded at Auckland, fpr instance, it wil be leaded with the cost of carriage from Australia, but it will not have paid the usual freight, from Lyttelton.
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Auckland Star, Volume XLVIII, Issue 118, 18 May 1917, Page 2
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198GOVERNMENT WHEAT PURCHASE. Auckland Star, Volume XLVIII, Issue 118, 18 May 1917, Page 2
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