HIGH SUGAR PRICES.
TOSITION IN AUSTRALIA. EFFECT OF AGREEMENT. BURDEN TO THE COUNTRY. By Telcprnpli—Press Association—Copyright. (Received February 2'2, 11.45 p.m.) SYDNEY, Feb. 22. The Commonwealth .Auditor-General's annual report describes the sugar industry as a burden rather than an advantage to Australia. He states that under the arrangement for financing it, the Australian price is £36 a ton, which, compared with the world price for Java and Cuba sugar of £6 a ton, meant that Australian consumers were paying £7,000,000 a year more than was necessary.
lie suggested that the 30,000 workers employed in tho sugar industry could be more advantageously employed in some other form of production. Moreover, the sugar agreement, in conjunction with other restrictions, had artificially inflated, unduly and unsoundly, the price of land suitable for sugar-growing.
Commenting on the great success of tho Colonial Sugar Refining Company, he expressed tho opinion that its present " prosperous and monopolistic position is duo to the high price consumers in Australia have paid and are continuing to pay for tho sugar grown in their own countl'y'"'
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Bibliographic details
New Zealand Herald, Volume LXIX, Issue 21114, 23 February 1932, Page 9
Word Count
176HIGH SUGAR PRICES. New Zealand Herald, Volume LXIX, Issue 21114, 23 February 1932, Page 9
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