Sugar
Sir,—lf toe precarious national economies of Australia and Canada can be stabilised by mammoth sales of surplus wheat to China, and Canada can then import 60,000 tons of Cuban sugar, surely New Zealand does not require permission to charter sufficient vessels to also buy sugar, perhaps by barter, until such time as a sugarbeet industry can be established in this country. Although the price of sugar has dropped over the counter because of public pressure, the £55,000 weekly government subsidy to the company, with an additional annual interest sum of £140,000, will be spread over the population in taxation. So the ’ national price is still well above Is 3d per lb. £18.000,000 annually is a fantastic price to pay for this commodity, particularly when one compares this with toe cost of chartering a few ships and establishing a national beet industry. Surely those whom the gods would destroy. . . .—Yours, W. J. COLLINS. July 2, 1963.
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Bibliographic details
Press, Volume CII, Issue 30173, 3 July 1963, Page 9
Word Count
156Sugar Press, Volume CII, Issue 30173, 3 July 1963, Page 9
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