FRENCH USE BOUNTY SYSTEM

Auckland Star, Volume LXI, Issue 188, 11 August 1930, Page 4

FRENCH USE BOUNTY SYSTEM

How severely the British farmer is prejudiced by the dumping of bounty-fed cereals into Britain will be realised from a statement sent to the "London Daily Mail" by its St. Malo (Brittany) correspondent: — ■ , , . "If the British farmer," lie wrote m June " were to take a stroll on the quays at St. Malo these days he would see evidence of the competition, lie has to meet from French wheat, in addition to the dumping with which he has already to contend from Germany and other countries, such as the Argentine, Poland, and Austria. At St. Malo he would- sec steamers being loaded from great heaps pi sacks of wheat on the quayside. This grain is part of Prance's wheat surplus, and, with the help of liberal export bounties, it is being sent abroad, mainly to England and Portugal. The French Government has, it appears, authorised the export of 200,000 tons of wTieat, and to facilitate tins is granting export bounties of about £3 12/ a ton. Thus the French farmer gets rid. of his surplus wheat without loss, and a slump is avoiled."