WHEAT FINANCE

Grey River Argus, 14 March 1935, Page 6

WHEAT FINANCE

AUSTRALIAN PROPOSAL. TO RAISE MONEY FOR EXPORTERS. (Aus. and N.Z. Cable Assn.) CANBERRA, March 13. The Wheat Commission’s recommendations were before the Federal Ministerial Pary to-day. The Commission suggest that immediate action should be taken to create a home consumption price for wheat, and a compulsory marketing scheme. It is recommended that the home consumption price should be financed by an excise duty on flour. This procedure is already in operation in connection with the current harvest.

Boards to administer t'he marketing und the home consumption price arc recommended by the Commission, which also suggests that groups of farmers should be assisted to obtain machinery, and helped to reduce their overhead costs.

The Commission’s report will come before the Australian Agricultural Council in April.