SUBSIDY ON FLOUR.

New Zealand Herald, Volume LVI, Issue 17113, 19 March 1919, Page 8

SUBSIDY ON FLOUR.

30ARD OF TRADE SCHEME,

BASIS OF £2 179 8d A TON.

EXTRA COST OF MILLING.

The Board of Trade has decided to recommend the Government to pay a subsidy to fiourmillcrs, in order to prevent an advance in the price of bread, which would, the board considers, otherwise bo inevitable, on account of the increase ill the price of wheat, and also in manufacturing charges. The board explained yesterday that the i advance of 8d a bushel in tae price of wheat was equivalent to £1 12b a ton of flour, on the reckoning of 48 bushels to the ton. Sacks had risen in price from IOJd to Is 5d each, and, assuming there were 15 sacks to the ton, this was canal to 8s 2d, The advances which had taken place in the coat of carting and other manufacturing charges were equivalent to 7s 6d. The total increase per ton of flour was, therefore, £2 7s Bd. In addition, the price of flour had been reduced by 10s, making the present price in Auckland £16 a ton. On the basis of these figures, the miller selling flour at tho fixed price would sustain a loes of £2 17s 8d a ton, ar.d £!*■ board lias recommended the payment of a subsidy of this amount. PRICE OF FLOUR REDUCED,

NEW RATE AS FROM MARCH 13.

An- Order-in-Council has been issued reducing the price of flour as fixed on April 16, 1918, from £15 10s to £16 a ton. This order came into operation on the day after publication in the Gazette, which is dated March 12. The equivalent price in Auckland is £16.