AGREEMENT ON QUOTAS

Taranaki Daily News, 1 November 1930, Page 7

AGREEMENT ON QUOTAS

THREE DOMINIONS’ MOVE

DEFINITE PLANS FOR WHEAT

BRITISH CABINET DIVIDED

NO POLICY ON PREFERENCE

By Telegraph—Press Assn.—Copyright. London, Oct. 30.

The United Kingdom, Australia, India and Canada have reached, an agreement definitely adopting quotas for the Empire’s future exports of wheat to Britain. It is understood that it will be on the basis of those three Dominions’ supplying 55 per cent, of Britain s annual requirements.

The Morning Post’s special correspondent understands Cabinet has failed again to agree either to accept or to reject the principle of preferences. It is divided even respecting the merits and practicability of the quota scheme as advanced by the British delegation. The committee on Imperial economic co-operation to-day approved the reports of sub-committees which have been examining the possibility of employing methods alternative to a tariff, such as quota, bulk purchase, import boards, and an extension of the work of the Empire Marketing Board to specific commodics, canned fruit, canned fish, fresh fruit and dairy produce.

GOVERNMENT’S RESPONSIBILITY

ECONOMIC SECRETARIAT URGED.

London, Oct. 30.

Reviewing Mr. MacDonald s report on the Imperial Conference in the House of Commons on Tuesday, The Times declares that the Government has taken a heavy responsibility in rejecting a tariff as the simplest and. most effective way of achieving economic co-operation. If the conference proves barren of results the blame will be the Government's alone. # . The Times concludes by, emphasising the necessity for continuity of methods of action, advocating an economic secretariat for the Empire free from the domination of Whitehall. !