BRITISH FOOD SUPPLIES.

Taranaki Herald, Volume LXVIII, Issue 16688, 10 March 1920, Page 3

BRITISH FOOD SUPPLIES.

BREAD SUBSIDY MAINTAINED

By Telegraph—Press Assn.—Copyright. LONDON, March 8. In the Souse of Commons at question time, Mr. Lloyd George stated the Government had decided that the abolition of the bread subsidy was .inadvisable at present, but a substantial reduction in the estimate for the current financial year was imperative. Consequently the wholesale price of flour would bo raised by 19s 3d per sack of 2801bs on March 15.

Also the average rate of extraction which must be obtained from wheat would he raised from 77 to 80 per cent in order to ensure that the benefit of the increased value of traders’ stocks shall pass to the consumer or the taxpayer. No advance in the retail price of flour or bread will be permitted until April 12. Arrangements had heen made to check traders’ stocks. The estimated reduction in the subsidy would amount to about £45,000,000 in the_ current financial year.—lmperial Service. Mr. W. C. Bridgenum (Parliamentary Secretary to the Board of. Trade), denied that Australasian meat stocks were held up. The price of mutton would shortly be reduced. The Daily Mail says Cabinet has decided to retain food control for five years, increasing the Food Ministry’s powers to fix prices and control distribution.—United Service.