THE QUOTA PLAN

Evening Post, Volume CX, Issue 112, 8 November 1930, Page 9

THE QUOTA PLAN

♦ WHEAT OF EMPIRE ORIGIN QUESTION OP PRICE NOT RAISED (British Official Wireless.) BUGBY, 6th November. The heads of delegations to the Imperial Conference will consider next week the agreed report by the Economic Co-operation Committee, over which the President of the Board of Trade, Mr. "William Graham, presided, upon the application of the quota system to Empire wheat. The object of the quota is to secure that a guaranteed, and, if possible, an increasing, proportion of the total quantity of wheat milled in the United Kingdom should be of Empire origin. Mr. Graham's committee's report is the result of a preliminary examination of the scheme in its technical aspects. Of the milling wheat and flour imported into the United Kingdom about 49 per cent, has Empire origin. The scheme was examined in the light of the quota for the whole of the Empire, and the possibility of special quotas for different parts of the Empire was ruled out as administratively impracticable. The question of a guaranteed price was not raised, the scheme being examined as a method of securing to the Empire a guaranteed share at world prices. The committee concluded that if the- method were adopted there would be no insurmountable difficulties in the way of working.