FARM RELIEF BILL.

New Zealand Herald, Volume LXVI, Issue 20235, 20 April 1929, Page 13

FARM RELIEF BILL.

PLAN TO GIVE BOUNTY. SENATE COMMITTEE'S SCHEME. Australian and NIZ. Press Association. WASHINGTON. April 18. An export debenture plan, which would give the farmer a bounty of half the tariff duty on his exported products, was included in the Farm Relief P>ill, introduced in the Senate by Mr. C. L. MrNary, chairman of the Senate AgriculturalCommittee. Mr. McXary revealed that while the President, Mr. Hoover, had been silent on the plan and the House had ignored it, his committee was prepared to adopt it in the Administration's General Co-opera-tive Marketing Bill. The remainder of the bill, as introduced, varies but little from the bill brought up for consideration in the House to-day, the chief difference being that it would authorise a Federal farm board of twelve members, while tho House would provide a board of six members. It follows the recommendations of the President's message in authorising a board to administer the revolving fund of £100,000,000. The board would lend necessary sums to co-operative marketing organisations and stabilisation corporations.