BIGGEST BUYER
WORLD SELLS TO BRITAIN
NEW TECHNIQUE WANTED
LONDON, February 10.
In the House of Commons Mr. Walter Elliot, Minister of Agriculture, moved the second reading of the Sugar Industry Reorganisation Bill, which proposes the amalgamation of the 15 existing sugar beet companies under a permanent sugar commission. The Bill proposes maintenance of sugarbeet growing sufficient to produce 560,000 tons of white sugar yearly. The direct subsidy in 1935-36 will be £2,775,000, compared with £4,429,000 last year.
After stating that Britain now represented one-third of the world's sugar market, Mr. Elliot said that the country was becoming almost the entire world market for some products. Britain's share of imports of the world's exports had risen since 1925 as follows: Wheat, from 27 to 40 per cent.; butter, from 66 to 82 per cent.; beef and veal, from 6.4 to 82 per cent. "We must seek a new technique to deal with the absorption of the world's surplus," he said.
Mr. Tom Williams (Don Valley), moving a Labour amendment objecting to perpetuation of the subsidy, said that the Treasury had already forfeited £50,000,000.
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Bibliographic details
Evening Post, Volume CXXI, Issue 36, 12 February 1936, Page 11
Word Count
183BIGGEST BUYER Evening Post, Volume CXXI, Issue 36, 12 February 1936, Page 11
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