DANUBIAN GRAIN.

Manawatu Standard, Volume LII, Issue 241, 10 September 1932, Page 7

DANUBIAN GRAIN.

INCREASING EXPORTS,

ITALIAN SCHEME

LONDON, Sept. 9. The Italian representative at the international conference at Stresa on the economic and financial difficulties of Central and Eastern Europe presented a scheme for increasing the export of Danubian grain. The scheme rejects the idea of preferences and favours organised marketing. It provides that the Danubian States shall reduce their general tariff on both European and non-European goods as compensation for European purchase of Danubian grain, It proposes that all European countries shall contribute to a fund to be used partly to improvo cereal prices in Central and Eastern Europe and pa'rtly to stabilise the finances ■ of those countries.

The Germans are prepared to support the French scheme for devalorisation of grain prices with modifications.

The French scheme was submitted at the previous day’s sitting by the chairman, M. Georges Bonnet, who declared that devalorisation of grain prices was absolutely essential to the economic recovery of Central and Eastern Europe. It should suffice if countries importing grain agreed to divide the surplus of exporting countries. By assuring them of the benefits of preferential tariffs, the price of grain would increase automatically in European exporting countries by an amount equal to the tarifF preference.