PRICE OF SUGAR

Dominion, Volume 14, Issue 232, 25 June 1921, Page 7

PRICE OF SUGAR

NO RESTRICTION ON IMPORTS.

A. report from Dunedin, published terdny, was to the efle-ci th«it tho Go\ ernment had entered into a contract -with ihe Colonial Sugar Company, the price of the sugar at Auckland to be A‘37 per ton; that Java sugar could be landed in New Zealand at .£26 perton und that the Government had threatened to prohibit the importation of Jara sugar. Official information is not available vet regarding ihe new contract. but the Acting-Minister of Indus tries and Commerce (the Hon. G. J. An. dcrsoii) gave a definite denial yesterday to the statement that a Wellington firm had been warned that it would, be refused permission to import Java. The position, <l* explained already, )" that the Government, in making a contract, has to look ahead *or at least a vear. There is nothing to preven merchants taking advantage ot the present slump in the sugar market and giving cheaper sugar to the people Ci New Zealand. Experts do not believe, however, that the very low prices prevailing at present in some of the » u S ar producing countries will continue wry Press Association telegram from Christchurch states that local have received a telegram from the Board of Trade that merchants importing Java sugar do so at their own risk. This f s interpreted to mean that the Government intend to prohitat the “’ f . of lava sugar, and merchants state the ■ anv prohibition order will be -ough. . Java sellers are quoting at P’''« s , would enable retailers to sell at J®® ’ penny per pound below present plices.