IMPORT TRADE.
GREAT BRITAIN’S SHARE. TEN YEARS’ INCREASE. LONDON, Feb. 10. In the House of Commons Mr W. E. Elliot (Minister of Agriculture) moved the second reading of the Sugar Industry Reorganisation Bill, which proposes the amalgamation of the 15 existing sugar beet companies under a permanent sugar commission. The Bill proposes maintenance of sugar beet growing sufficient to produce 5(30,000 tons of white sugar yearly. The direct subsidy in 1935-36 will be £2,755,000, as compared with £4,429,000 last year. After stating that Britain now represented one-third of the world’s sugar market, Mr Elliot said that the country was becoming almost the entire world market for some products. Britain's share of imports of the world’s exports had risen since 1925 as follows: Wheat, from 27 to 40 per cent.; butter, from 66 to 82 per cent.; beef and veal, from 64 to 82 per cent. “We must seek a new technique to deal with the ’absorption of the world’s surplus,” he said. Mr Tom Williams (Don Valiev), moving a Labour amendment objecting to perpetuation of the subsidy, said tha.t the Treasury had already forfeited £50,000,000. '
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Bibliographic details
Manawatu Standard, Volume LVI, Issue 63, 12 February 1936, Page 7
Word Count
185IMPORT TRADE. Manawatu Standard, Volume LVI, Issue 63, 12 February 1936, Page 7
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