WHEAT DEALINGS

Otago Witness, Issue 3330, 9 January 1918, Page 9

WHEAT DEALINGS

STATE CONTROL.

CONDITIONS GAZETTED.

A Gazette has been issued containing tb.9 regulations governing dealing in wheat. lb is provided, amongst other things, as follows :

'' rt shall not be lawful for any person, whother as principal, agent, and otherwise, to purchase, sell, or agree or offer to purchase or sell any wheat other than free wheat, or to bo concerned in the making of any such purchase or sale, agreement, or * offer by any other person, whether in New Zealand or elsewhere, or to be concerned in the fulfilment or performance of any agreement for 'the purchase or sale of any such wheat, .whether such agreement has been made in New Zealand or elsewhere, and whether it has been made beforo or after the making of these regulations. The terms ' purchase' and ' sale| include any mode of acquisition or disposition by agreement other than acquisition or disposition by way of security only. An option or right of purchase or sale shall be deemed to bo an agreement to purchase or to sell, as the case may be. " It shall be lawful for the grower of any wheat to sell any quantity or quantities thereof not exceeding in the aggregate 100 bushels to any other wheat grower for uso by the purchaser as seed wheat.

STATE PURCHASE AND SALE. "Good milling- wheat will be purchased and resold by the Government. All purchases and sales of wheat by the Government will bo effected through the agency of brokers appointed by tho Board of Trade and acting on account of the Government. " Government brokers will buy good milling wheat on account of the Government at the following prices:

"(A) Good nulling wheat grown in thai South Island —

" (1) Sold for delivery free on board ai tho nearest port—- ' (a) In January, February, or March, 1918, 5s lOd per bushel. (b) In April, 1918, 5s 10id per bushel. (c) In May, 1918, 5s lid per bushel, d) In June, 1918, 5a per bushel (e) In July, 1918, 6s per bushel. (f) In August, 1918, 6s Oid per bushel. (g) In or after September, 1918, 6s Id per bushel. " (2) Sold for delivery otherwise than freo on board at the nearest port—

A price equivalent as regards the seller to the prices aforesaid. " (15) Good milling wheat grown in the North Island—- " (1) Sold for delivery free on board at the nearest port, being- Wellington, Wanganui, New. Plymouth, Napier, Gisborne, or •Auckland— The same price as that of good milling wheat grown in the South Island and sold for delivery free on board at the nearest port, with an addition of 4d per bushel. " (2) Sold for delivery otherwise than free on board at the ports aforesaid — A prico equivalent as regards the seller to the prico aforesaid. " Government brokers will not purchase on behalf of the Government any wheat other than good milling wheat; nevertheless, it shall not be lawful for any person to sell wheat of any qiiality otherwise than to the Government, until and unless it has been offered to a Government broker for sale to the Government in pursuance of these regulations, and has been rejected as unmerchantable or as not being good milling wheat. " Sacks will bo paid for in addition to the above prices, at the fair market value, not exceeding IOAd each." #