HEMP
PRICES FIXED BY IMPERIAL "* GOVERNMENT,
<1T TELESItAPH.—PRESS ASSOCIATION.}
INVERCARGILL, 17th Sept. The Invercargill representatives have returned 'from a conference in Wellington attended by sixty or seventy millers and merchants connected with the hemp industry. The meeting was addressed by the Prime Minister and the Hon. W. D. S. Mac Donald. The latter said that the Imperial Government had fixed prices at which New Zealand hemp could be sold in London after 15th September as follow:—Good fair, £83; high grade, £81; fair, £80. Some deals were waiting explanation on certain points, such as whether the prices included war risk, or whether they were c.i.f., or landed in London. It was decided to ask the Government to cable for more definite information.
As the maximum price for fair current Manila has been.fixed at £85, millers and merchants felt they could not object to the New Zealand prices fixed. It was decided to ask the Government for a guarantee of shipping space for 7500 bales monthly. The maximum prices fixed by the Imperial Government represent a drop of £10 to £12 a ton.on the prices previously ruling in London, which market will now only return to millers from £53 to £5S f.o.'b., according to whether the war risk is included or not.
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https://paperspast.natlib.govt.nz/newspapers/EP19170918.2.45
Bibliographic details
Evening Post, Volume XCIV, Issue 68, 18 September 1917, Page 4
Word Count
210HEMP Evening Post, Volume XCIV, Issue 68, 18 September 1917, Page 4
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