WHEAT SURPLUS.

Auckland Star, Volume LXIV, Issue 1, 3 January 1933, Page 7

WHEAT SURPLUS.

Credit Sale To Russia Proposed. WOULD HELP THE WORLD. CALGARY, January 2. Bartering, or the credit sale of Canada's surplus wheat to Russia," is proposed in a statement issued by the Alberta whea J . pool. The suggestion is alio made that all wheat exporting countries could take similar steps, thus eliminating a burdensome extra supply of grain on the world markets. Quoting the world's exportable supply of good quality wheat at a billion bushels, the pool's statement places the world's requirements in 1933 at 704,000,000 bushels, leaving a world surplus of 300,000,000. Canada could supply 100,000,000 bushels of this surplus, while the other 200,000,000 bushels could be provided by the other exporting countries. The statement continues: — "In the space of a year Russia has almost completely disappeared from the international wheat market. Reliable information suggests a more serious situation in the way of the disruption of food production in that vast country than is generally realised. It would be a splendid thing and a sensible one if arrangements could be made to allot a considerable portion of the world's surplus wheat to Russia on generous credit terms, or in exchange for commodities. "This move undoubtedly would save millions from near starvation, and at the same time dispose of the cumbersome world surplus. It would combine humanitarianism with hard-headed business."