WOES OF U.S. FARMER
PLAN TO HELP HIM WITH BOUNTY GREAT FUND PROPOSED (Australian and N.Z. Press Association) Reed. 9.5 a.m. WASHINGTON, Thurs. 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 Bill introduced in the Senate by chairman McNary, of the Senate Agriculture Committee. Senator McNary revealed that while President 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-operative marketing Bill. The remainder of the Bill as introduced varies but little from the Bill brought up for consideration iu the House to-day, the chief difference being that it would authorise the formation of a Farm Board of 12 members, while the House would provide the board with six members. It follows the recommendations of the President’s message in authorising a board to administer a revolving fund of £100,000,000. The board would lend the necessary sums to cooperative marketing organisations and stabilisation corporations.
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Sun (Auckland), Volume III, Issue 642, 19 April 1929, Page 9
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176WOES OF U.S. FARMER Sun (Auckland), Volume III, Issue 642, 19 April 1929, Page 9
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