SAME AS LAST YEAR.

Auckland Star, Volume LXXI, Issue 87, 12 April 1940, Page 9

SAME AS LAST YEAR.

PRICE FOR TOBACCO LEAF.

(By Telegraph.—Press Association.) WELLINGTON, Thursday. The purpose of the Board of Trade (Raw Tobacco Price) Regulations, 1940. notification of the issue of which was contained in a "Crtzette" published tonight, was explained by the Minister or Industries and Commerce, the Hon. D. ii. Sullivan, in en intertiew. He said these followed the lines of similar regulations passed each year since 1930.

The regulations fixed the minimum price below which tobacco leaf could not I»e sold or purchased. For the 1936 *eison the minimum was fixed at 1/ a pound but in IJ>3" and following seasons the minimum was increased to 1/2 « pound. For the 1940 crop, the buying season for which would commence very shortly, the minimum had again been fixed at 1/2 a pound. "The purpose of the regulations is to prevent the sale and purchase of leaf at very low and uneconomic price*," tho Minister said. As in previous regulations, there is a clause authorising the. Minister in any case where he considers it proper so to do to permit the sale and purchase of tobacco at a price le.-.s than the price fixed by the regulations. The object cf this clause is to enable leaf which is unfit for manufacture into tobacco and cigarettes, and which would otherwise be rejected end destroyed, to be used for manufacture into insecticides.