PRICE OF BREAD AND FLOUR.

Press, Volume LVIII, Issue 17393, 2 March 1922, Page 8

PRICE OF BREAD AND FLOUR.

"GAZETTE" ANNOUNCEMENTS. (press association tblkgbam.) WELLINGTON, March 1. A extraordinary," issued to-night, fixes the maximum price of bread in respect to the South Island at 6d per 21b loaf when sold over the counter for cash, with «an additional £d for Jdash on delivery, and a further Jd for booking. In respect to the North Island,, the price shall be 6Jd per 2lb loaf when sold over the counter tor cash, with an addition^' id for cash on delivery, and a further Jd for: booking. - The Board of Trade may revise the prices. The Orden-in-Council shall come into operation with respect to the South Island on March 4th, 1922, and ' with respect to the Nirth Island on March llth. 1922. .. When the nearest port is a port other than Lyttelton, Timaru, or Oamaru, the maximum price of flour as sold by the manufacturer for delivery free on board at the nearest port in 2001b sacks, on terms of payment, within seven days after delivery, shall be £lB per ton, less Si per cent., with sur:li addition only as is equal to the cost of carriage by sea of a ton of flour from Lyttelton, Timaru, or Oamaru (whichever cost is the least) ,to the said nearest port; end in the case of sale by the manufacturer otherwise than in tho manner aforesaid, the maximum price 'shall be the price equivalent as regards the seller to the maximum price last above-mentioned unjder similar conditions. " - The maximum price of bran or pollard shall be £5 per ton in the case of bran, and £8 per ton in the case or bran or pollard manufactured in New Zealand is sold to a purchaser by any person other than the manufacturer thereof, the maximum, price shall be the maximum price as set out above, with such addition only tothat maximum price as is herein sp«ned, namely (a) "When sold in quantity-of hair a ton or more, an addition at the rate of 10s a ton in the case of bran, and 15s per ton in the case of pollard, (o; "When sold in quantity less thaxi half a ton, an addition at the rate of 12s Gu per ton in the case of bran and 17s 6d per ton in the case of, pollard. RELIEF FOR DAIRY FARMERS. Interviewed at Hamilton this week, Mr A. E. Fear, organiser to the. New Zealand Dairy Farmers' Union, stated that as a result of the union's efforts between financially embarrassed farmers and the mortgagees, mortgages'in the ' disffict had been reduced by £32, COD 'ln addition, interest had been wiped off to the extent of £IOOO .in amounta of £SO, £9O, £IOO, and £2OO. Mr Fear remarked that many mortgagees had shown a fine snirit m helping distressed farmers, and were to be congratulated on the consideration shown the unfortunate men. - _ A "settling down" process is going on quietly in connexion with farming properties purchased ,at boom-time prices. The "Eltham Argus" knows of one Instance in which a farm was sold at considerably over £IOO per acre. The occupier finds, that he cannot possibly pay the interest 'on such highpriced land. The vendor has no desire to go back and-work the farm himself, so he has come* to an arrangement, the practical effect of which is that the occupier now holds the farm on terns thait have reduced; his purchasing pride tp £67 per acre, at which price he may ."pull through.'' , Similar negotiations are going' ;on in connexion with other farms, and may be brought into operation about June or July. AUSTRALIAN WHEAT POOL. ' N IMPORTANT LEGAL JUDGMENT. (By Caibl&—Press Aeoocsiation—Copyrig'liii) v (Australian and N.Z; • -Cable Association.) (Received March/lstlo.lo p.m.) ADELAIDE, March 1. ; In the Supreme Court, tne Chief Jus. tioa delivered judgment on the claims for compensation on account of the wheat; pool by holders of certificates by farmers £or losses through alleged negligence on the part of the Government :in handling.the wheat; Over £1,000,-i 005 was; involved. - ' The. Chief Justice ruled .that the speculator had no locus standi. He simply bought certificates entitling him tp wnatever dividends might be paid subsequently, but farmers who' delivered' wheat, and still held certificates, had a claim, but' had to prove negligence. • PACIFIC ISLANDS' TRADE, SYDNEY'S LOSS OF BUSINESS. : (By-- Cable—Press AMOcktionr-CopvrighL) (Axwtraliaa isd' N.Z. .'Cable A/wooimnm.) \ a SYDNEY,, March 1. : ■ Comprehensive measures are contemplated in' an endeavour- to restore the Pacifio Islands .trade to Sydney. The deoline has v reached a . critical stage, and the entire loss of; the copra tirade is threatened, and shipping communica-. tion imperilled. It is proposed" that the /growers,: shippers,; agents; and traders shall combine to secure reduced, freights/ and also the repeal of the harbour trust regulations, which, .add to the cost of transhipment at Sydney.