SUGAR CONTRACT

Hawera & Normanby Star, Volume XLI, Issue XLI, 6 May 1921, Page 5

SUGAR CONTRACT

PROBABILITY OF i.O\VER PRICE

(BY XELESRAPH PRESS ASSOCIATION.! WELDLvGrON, May 6.

The contract under which New Zealand is being supplied with sugar at a" retail price of 6d per pound will shortly expire. Since the arrangement was made a year ago the price of sugar has fallen substantially on the world's market, and it seems likely' 4hat tlie new contract will give the Dominion consumers (better terms. ** v • I The Minister of Industries and Commerce stated yesterday that no new arrangement had yet been made. He mentioned that price was not the sole factor to be considered. The certainty i of an adequate supply was an important matter, and ii would not do for j New Zealand to -ife dependent on the1 fluctuations of the.outside market.