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BRITISH AGRICULTURE

LIMITATION OF SUBSIDY

MEMBERS' SHARP CRITICISM.

(UNITED PRESS ASSOCIATION.—COPTRIBHT.)

(AOSMIAUAN - SEW ZEALAND CA»LE ASSOCIATION.) LONDON, sth'July.' In the House of Commons there was a long and interesting debate on the Corn Production Act Repeal Bill. Sir Robert Home (Chancellor of the Exchequer) urged that the cost might be thirty millions in the next four years. Nobody anticipated such an extraordinary drop in the prices of agricultural products. The country's finance's could not face such a subsidy at present. The prices guarantee a cost of twelve millions, but, prices were likely to go much lower, and the loss might easily- be thirty-two millions on this year's crop 3 alone. In the circumstances the Government had done well^ to compound this year's payments at nineteen millions. (Received July 6, 9 a.m.) LONDON, sth July. Members of agricultural constituencies sharply criticised the Bill, some saying that the Agricultural Wages Board should have ibeen saved. Mr. F. Acland described the Bill\as a black, deliberate and incorrigible breach of faith. I The debate was adjourned.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/EP19210706.2.46

Bibliographic details

Evening Post, Volume CII, Issue 5, 6 July 1921, Page 5

Word Count
172

BRITISH AGRICULTURE Evening Post, Volume CII, Issue 5, 6 July 1921, Page 5

BRITISH AGRICULTURE Evening Post, Volume CII, Issue 5, 6 July 1921, Page 5

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