GERMAN SUGAR BOUNTIES.

Press, Volume LIII, Issue 9431, 1 June 1896, Page 6

GERMAN SUGAR BOUNTIES.

The Berlin correspondent of the Economist is answerable for the following on the sugar production of Germany, and tbe sugar bounties :— *• An official report on the sugar production, comiDg up 'to the close oi February, states the production of raw sugar at 14,159 812cwt. t against 16,118,834 cwt. last year, which is a decrease of about two million cwt. The production of refined sugar is returned at 6,595,4130wt., against 5,774.853cwr. last year, or an increase of about 800,000 c art. The Parliamentary Commission on sugar taxation and export bounties is dtawing back. It is now proposed to reduce tbe export bounty to 185" marks, to limit the contingent to 14,000,000cwt.. and to maintain the traffic tax. No one knows what may be the ultimate resolutions of the Legislature. But the eaeerness to raise the bounty ia evidently subsiding, which ia partly due to the advance in the price of sugar. The letter of Mr Curzon to the West India Committee, stating the wiUingneas of the British Government to negotiate for the abolition of export bounties, has produced a good effect." There appear* to be a growing belief that the BritUh Government would not be unwilling to place a duty ou foreign ao *s to countervail the bounties pail on exports by European countries.