DECLINE IN PRICE OF SUGAR
FURTHER REGULATIONS OF IMPORTS POSSIBLE
•U P A.-Bv Electric Telegraph Copyright! LONDON, 13th July. 1 lie decline in the price of sugar despite the international agreement may possibly lead to further regulation of imports. The Australian Minister of Commerce, Sir Earle Page, and the Queensland Agent-General in London, Mr L. H. Pike, attended an international conference this morning convened to deal with the situation.
It was considered that further regulation is essential, the burden of which is iikely to fall on foreign exporters. However, the Dominions and Colonies may be asketl to contribute. It is very difficult to ask the colonies further to reduce their exports in view of the existing difficulit is thought that if Australia will agree to a 25 per cent, cut, the equivalent of about 20,000 tons, the revival of prices will be more than compensate for the loss, hut so far no decision has been made. This will depend on discussions between the Prime Minister, Mr J. A. Lyons, and the Queensland Premier, Mr W Fortran Smith. b
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Bibliographic details
Nelson Evening Mail, Volume LXXII, 16 July 1938, Page 9
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178DECLINE IN PRICE OF SUGAR Nelson Evening Mail, Volume LXXII, 16 July 1938, Page 9
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