THE FLOUR DUTY. I

Evening Post, Volume LXXIV, Issue 66, 14 September 1907, Page 5

THE FLOUR DUTY. I

SATISFACTION AT THE RESULT. [BT TELEGRAPH — OWN COHRE3PONDEXT.I CHRISTCHURCH, This Day.' In commercial circles considerable satisfaction is expressed that the question of the total abolition of the flour duty has been finally dealt wjtb., as theuncertainty of the attitude of the House resulted in practically paralysing business during the iast fortnight. To the proposals enunciated by the Premier on Wednesday there does not appear to be any objection taken, millers and uier--chants Tccognising that in tho interests of all tho Uoverivmeut proposals aie iv tho right diiectiou, while tlio principle it generally applauded. There is some difference of opinion as to tho price of flour at which the pioposuls should become, operate c. It is stated that tljere will bo seme difficulty in fixing a pijeo for tbc -whole colony. .nnce quotations vary considerably ;n; n different localities. Millers aio. confident that Sir Joseph WaiJ, with his wide knowledge of busircii. will not do anything which will seiiously prejudico the industry. - As a icsult of tho position being clearly defined, the wheat market has haidenod, and within tho last fortnight prices have advanced twopenco per bushel. Holders aie asking 4s 8d to 4s Od for their stocks, and offers of 4s 7d f.o.b. havo met with no response. At present the wheat supplies are in a few hands, arid those who hold them aio naturally desiious of takijig advantage of the position.