FRANCE’S PREDICAMENT.
SALES OF WHEAT. Received November 23, 1.20 p.m. BUDAPEST, Nov. 22. The French representative lias informed the Wheat Committee that France is abandoning the minimum price system for home-grown wheat in order to narrow the difference between the price and the world export price, also to discourage over-production. She is taking energetic internal measures to increase consumption and establish a safety reserve. „ ■ _ ', France is prepared to denature a portion of Her exports, besides regulating them. Her present surplus is fifteen million bushels. A Paris report says it is reported that the Government intends to borrow 14,000,000 francs from the agricultural and other internal funds to finance the exportation of surplus wheat stocks by covering the loss on selling at the world price, guaranteeing the loans by a milling tax.
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Manawatu Standard, Volume LIV, Issue 306, 23 November 1934, Page 8
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131FRANCE’S PREDICAMENT. Manawatu Standard, Volume LIV, Issue 306, 23 November 1934, Page 8
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