AGREEMENT ON SUGAR
Protection Of Company (Parliamentary Reporter) WELLINGTON, July 1. The scheme to stabilise sugar prices was expected to terminate towards the end of the year, the Minister of Industries and Commerce (Mr Marshall) replied to Mr W. A. Fraser (Opp., St. Kilda) in Parliament today. By that 'time it was expected the reduction in overseas prices of raw sugar would have removed the need for the continuance of the scheme.
A clause of the sugar agreement with the New Zealand Sugar Company which read that the Government agreed that, so long as the scheme was in operation, it would protect the company against imports of sugar would not prevent the establishment of a composite sugar industry in New Zealand. The establishment of such an industry could not occur for some years in any case.
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Bibliographic details
Press, Volume CIII, Issue 30482, 2 July 1964, Page 3
Word Count
136AGREEMENT ON SUGAR Press, Volume CIII, Issue 30482, 2 July 1964, Page 3
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