U.S. FARM RELIEF

Dominion, Volume 26, Issue 171, 15 April 1933, Page 10

U.S. FARM RELIEF

Production Cost and Profit Guarantee Plan SENATE FORCES CLAUSE By Telegraph—Press Assn. —Copyright Washington, April 13. By six votes the Senate to-day hand ed the Administration its first defeat, inserting a cost-of-production guarantee into the Farm Relief Bill. Coalition Democratic and Republican Independents put the clause through by 47 to 41, in the face of repeatedly registered Administration disapproval. This vote was followed within a few minutes by the approval by the House of Representatives of the two-billion dollar farm mortgage refinancing section of the Relief Bill. Voted on separately, this went through by 387 to 12 after Speaker Rainey had blocked an attempt to have a big currency inflation plan substituted for the entire plan.

The House, which long ago approved tho Farm Relief Bill, voted on the Mortgage Bill to shorten the time needed to bring both branches in agreement once the consolidated Bill gets through the Senate.

The amendment the Senate added-to the Bill is not mandatory, but merely authorises the Secretary of Agriculture, in helping the farmer get more for his crops, to use the Simpson-Norris plan, under which the farmer would be guaranteed enough for his crops to cover his cost of production and a reasonable profit.

The Farm Mortgage Refinancing Bill would authorise a subscription of one hundred million dollars by the Government for the setting up of a permanent system of Federal associations to provide mutual thrift institutions in which the people may place their savings and invest their funds and provide for the financing of homes.