BRITISH WHEAT SUBSIDY

Evening Star, Issue 17706, 6 July 1921, Page 4

BRITISH WHEAT SUBSIDY

BURDEN TOO HEAVY.

Presa Association—By Telegraph—Copyright,

LONDON, July 4,

In the House of Commons there was a long and interesting debate on the Corn Production Act Repeal Bill. Sir Robert Horne, Chancellor of tho Exchequer, urged that the cost might bo £30,000,000 during tho next four years. Nobody had anticipated such an extraordinary drop in tho prices for agricultural products. Tho country's finances could not face such a subsidy. At tho present prices tho guarantee would cost £12,000,000, but prices were likely to go much lower. Tho loss might easily bo £32,000,000 on this year’s crops alone. Under the circumstances the Government had done well to compound this year’s payments at £19,000,000. —A. and N.Z. Cable. CRITICISM BY COUNTRY MEMBERS. LONDON, July 5. (Received July 6, at 9.30 a.m.) In the House of Commons members for agricultural constituencies sharply criticised the Corn Production Act_ Repeal Bill, some saying that tho Agricultural Wages Board should be saved. Mr F. D. Acland described tho Bill as ■a black, deliberate, and incorrigible breach of faith. The debate was adjourned.—A. and N.Z. Cable.