Wheat Subsidy Causes Dilemma
BANK REFUSES TO MEET GUARANTEE
United Press Association, —By Electric Telegraph.—Copyright. Received Saturday, 2 a.m. SYDNEY, Dec. 19.
Wheat buyers and shippers declare that the Wheat Advances Act which has just passed the Federal Parliament has left them in a dilemma and trade is at a standstill.
The guarantee has been fixed at 3s a bushel f.o.b. and the fact that the Commonwealth Bank has declined to advance more than 2s 6d makes merchants want to know who will he responsible for the deficiency.
Moreover it is pointed out that the Government has net protected itself against inefficiency, wastefulness and indifferent marketing. Consequently the merchants fear chaos and are making no arrangements for oversea freights.
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Bibliographic details
Manawatu Times, Volume LV, Issue 7412, 20 December 1930, Page 7
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119Wheat Subsidy Causes Dilemma Manawatu Times, Volume LV, Issue 7412, 20 December 1930, Page 7
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