EMPIRE PRODUCTS.
SCHEME FOR BULK HANDLING. (United Press Association—By Electric Telegraph—Copyright.) (Received February 4, 10.35 p.m.) LONDON, February 4. Mr Edward Frank Wise, Labour Member for East Leicester, who, it is understood, has a draft scheme for the bulk handling of Empire products, which was unfolded at the Royal United Service Institution. The plan is for the stabilising of British wheat prices. It is suggested that the whole purchase of foreign wheat Bhould be controlled by statutory co-operation, with the monopoly Powers’ capital guaranteed. Parliament will invoice grain to the millers on the basis that prices are to be notified well in advance, and so calculated as to cover costs, after making provision for proper reserves. There would be an understanding, but the corporation would endeavour to make bulk contracts.
The Empire’s centralised co-operative selling organisations claim that the scheme will bring the price of British home grown wheat to a nearer relation* ship with the world price.
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Timaru Herald, Volume CXXV, Issue 18491, 5 February 1930, Page 9
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158EMPIRE PRODUCTS. Timaru Herald, Volume CXXV, Issue 18491, 5 February 1930, Page 9
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