POSITION OF WHEAT

Evening Post, Volume CXIV, Issue 18, 21 July 1932, Page 11

POSITION OF WHEAT

RUSSIAN IMPORTS

EMBARGO;URGED

CUT AW A, 19th ; July

■; Although' Australian .Ministers have repeatedly "expressed . the view that there was little prospect of doing Unything at Ottawa regarding^ wheat in' view of the fact that Canada and Australia: .produce, doxiblo the amount of British imports', and Mr. Brupe, when questiqned. by Canadian piessm,cu today, admitted that nob,ody.had yet supplied a solution, it is learned that Australia Jduring the past few months has jbeenin constant coinrhuriication with-1 the-: British" (Government/urging an embargo oh Russian imports.

Britain argued that if sho refused Eussiaii wheat it would simply reach another market. Australia contended that the. argument was unsound becauso :Britain constitutes Bussia's only ready market inasmuch as she could find storage and finance for wheat'cargoes in British ports and nowhere else. Moreover, European countries havo imposed prohibitive duties against wheat. , Australia is not yet awaro - whether , Britain {has boon convinced, b\U'believes that a strong impression has been made, Canada is actively backing the Australian proposal.

An interesting statistical suivcy of Britain's 'productioh, 'and importation, and exportation, of commodities, in. relation t<s Empire production, appears on page 5, • / ' ,