FARM RELIEF

Dominion, Volume 22, Issue 175, 20 April 1929, Page 9

FARM RELIEF

UNITED STATES SCHEMES BILLS BEFORE SENATE AND HOUSE BOUNTY ON EXPORTS United Press Association.— By Electric Telegraph.—Copyright.) Australian Press Association. Washington, April 18. An - export debenture plan, which would give the farmer a bounty of half the tariff duty on his exported products, was included in ths Farm Relief Bill introduced in the fenate by the chairman (Senator McNary) of the Senate Agriculture Committee. Mr. McNary revealei that, while President Hoover has been silent on the plan and the House ignored it, his committee was prepared to adopt it in the Administration’s General Co-oper-ative Marketing Bill. The remainder of the Bill, as introduced, varies but little from the Bill brought up for consideration in the House to-day, the chief difference being that it would authorise a Federal Farm Board of twelve members, while the House would provide a board of six members. It follows the recommendations of the President’s message iu authorising the board to administer a revolving fund of 500 million dollars. The board would lend the necessary sums to co-operative marketing organisations and stabilisation corporations.