ONLY TEN DAYS.

Auckland Star, Volume LXIV, Issue 145, 21 June 1934, Page 7

ONLY TEN DAYS.

MEAT AGREEMENT.

FUTURE OBSCURE.

Replacing Ottawa Pact Raises

Much Speculation.

HOME-GROWN SUBSIDY?

(United P.A.-Electric Telegraph-Copyright)

(Received 12.30 p.m.) LOKDON, June 20. With only 10 days before the a meat arrangement expires, the British Cabinet is seemingly without a plan to -regulate beef imports after June 30. There is obviously no intention of letting the scheme lapse and thereby risk chaotic marketing, and presumably an arrangement will be made temporarily to continue the existing schedules till Mr. Walter Elliot, Minister of Agriculture, and the Board of Trade are readv with new proposals.

Mr. Stanley Bruce and Mr. J. H. Thomas had a lengthy conference, not specifically in connection With Ottawa, but on the broader aspect of world marketing, especially of meat. In this connection Mr. Bruce outlined the situation as the result of his discussions in Australia and New Zealand.

Tho "Sun-Herald" news service understands that Mr. Thomas favoured an early conference in England with the Dominions representatives,, but Mr. Bruce was not enthusiastic for a formal meeting. He prefers to meet tho members of the British Cabinet separately and not particularly in an official capacity, but more as an observer who has studied the situation of each Dominion. The greatest problem facing Britain and the Dominions is tho imminence of chilled exports. It is unlikely that Australia, New Zealand and South Africa will greatly increase the total of their meat exports immediately, because chilled beef is largely a substitute for frozen, but Bhodesia and South Africa would scncl quantities of chilled not already coming here. v Beef Subsidy Rumour. The "Daily Telegraph" reaffirms the statement made by the "Daily Herald" yesterday about the Government's proposal to subsidise beef-producing farmers. It says that if it proves to be impossible to secure Australian cooperation in a wide scheme for the control of meat shipments the Government contemplates the protection of the British beef grower on the lines of the subsidies already adopted in the wheat and dairying industries. This would be only a temporary measure to give time for fuller discussion of a permanent system. The Government remains satisfied that the ultimate plan should be regulated by supply and marketing.

No plan will be submitted to the Cabinet till the Minister of" Agriculture, Mr. Walter Elliot, and the Dominions Secretary, Mr. J. H. Thomas, have ascertained Australia's views from the High Commissioner, Mr. S. M. Bruce.

SOVIET BUTTER.

British Conservatives Want Imports Reduced. DEPUTATION TO MINISTER. (Received 11.30 a.m.) LONDON, June 20. "The Times" states that in view of the harmful effect of Russian butter imports on home and Dominions' production, the Conservative Parliamentary Agricultural Committee is to send a deputation to Mr. J. D. Colville, of the Overseas Trade Department, urging him to invoke Article 2 of the AngloRussian trade treaty. This article provides a means of dealing with methods calculated to frustrate preferences or injure Home production.

REDUCTION MADE.

CHILLED BEEF FREIGHTS.

SYDNEY, June 30.

After a conference between meat exporters and British shipping lines it was announced that a reduced freight rate on chilled beef had been agreed to and that the new rate of one penny a pound will apply from to-day. This represents a reduction of slightly more than one farthing when exchange is taken into consideration.

A reduction of |d a lb on slipe wool Was also announced.

BRITAIN'S ACTION.

GERMAN DEBT MORATORIUM,

(Received 12.30 p.m.)

RUGBY, June 20,

The legislation foreshadowed by the ffoaneellor of the Exchequer, Mr. Neville Chamberlain, on Friday when he announced that the Government intended to take action in reply to the German Reichsbank's decision to suspend cash transfers on all medium and long-term State loans unless any negotiations undertaken should, before July 1, result in a satisfactory agreement, has been introduced into the House of Commons in a bill which authorises the setting up of clearing-offices for collecting and dealing with certain debts. The bill provides also for the imposition of a restriction on imports from certain foreign countries. It was presented by the Chancellor and read a first time. •The reply of His Majesty's Government to the German Government's Note announcing the decision of the Reichsbank was handed to the German Ambassador in London, Herr von Hoesch..