AUSTRALIAN FLOUR PURCHASES

Southland Times, Issue 23634, 8 October 1938, Page 19

AUSTRALIAN FLOUR PURCHASES

RESTRICTIONS ON FORWARD SELLING Although action has been taken in Victoria and is contemplated in New South Wales to forbid sales of flour for forward delivery because of the disturbed political situation, similar restrictions are not being taken in New Zealand. Supplies of both flour and wheat are considered to be ample for any emergency. The Victorian Mill Owner’s Association has revised its sales terms for flour and until further notice, no sales of flour for forward delivery will be allowed. Purchases by bakers will have to be made at the price determined by the association from day to day, and will be subject to delivery within 14 days. The step taken by the association is only an emregency measure, and will be applied temporarily. “There is no need for a similar move in New Zealand,” said Mr A. E. Wish, manager df the Wheat Committee in Auckland. “Provision has been made for an emergency, and we can guarantee that everyone will have ample supplies of wheat and flour. There will be no question of any restriction. Members of the trade have not been stocking up with flour, and that Position also is being guarded against.” Supplies of wheat for New Zealand are imported by the Government from Australia. Stocks in Auckland recently have been comparatively light, but a big shipment arrived by the Korowai in the week-end. Deliveries are now being made to storekeepers.