WORLD WHEAT CONTROL

Taranaki Daily News, 15 December 1932, Page 7

WORLD WHEAT CONTROL

LIMITATION OF PRODUCTION STABILISATION OF PRICE LEVEL. INTEREST IN U.SA. AND CANADA. AUSTRALIA ALSO GIVES SUPPORT! By Telegraph—Press Assn.—Copyright. Rec. 8.30 p.m. Huron (S. Dakota), Dec. 13 International control of wheat production to reduce the world surplus and thereby stabilise the price was forecast on Tuesday as a consequence of the proposed enactment by Congress of a voluntary domestic allotment plan. Mr. W. R. Ronald, one of the sponsors, said it was not only possible but probable. Inquiries received indicate growing interest in the plan' by Canadians and by Australia, and by observers in the United States. Britain adopted the plan in principle in the Wheat Act of May last, this being the importers’ applied plan to the stimulation of production, not using the production limitation feature as proposed by the United States. Adoption by Congress of this plan, with control through limitation of the acreage of individual farmers, would set forth means by which Canada, Australia the United States and Argentina could effectively carry out an agreement for the curtailment of production to near a balance with the demand and do away with, the unsaleable surplus. This takes no account of Russia, whose troubles keep her out of the market for the time being. A message from Calgary, Alberta, says that support for a world wheat pool is apparently, gaining strength, international pool supporters said on Tuesday night, .commenting on Mr. Ronald’s address. Many delegates advocated an international wheat board. The Government has been requested to convene a conference of wheat exporting countries to deal with the present marketing situation.