SUGAR FOR BRITAIN

Timaru Herald, Volume CXLI, Issue 20340, 12 February 1936, Page 9

SUGAR FOR BRITAIN

PLANS FOR REORGANISING INDUSTRY United Press Association—By Electric Telegraph—Copyright (Received February 11, 7.30 p.m.) LONDON, February 30 In the House of Commons, Mr W. E. Elliot (Minister of Agriculture), moved the second reading of the Sugar Industry Reorganisation Bill, which proposes the amalgamation of the 15 existing sugar beet companies, under a permanent Sugar Commission. The Bill proposes the maintenance of sugar beet growing, sufficient to produce 560,000 tons of white sugar yearly, the direct subsidy in 1935-36 to be £2,775,000, compared with £4,429,000 last year. Market for World Products After stating that Britain now represented one-third of the world’s sugar market, Mr Elliot said the country was becoming almost the entire world market for some products. Britain’s share of the imports of the world’s exports had risen since 1925, wheat from 27 per cent, to 40 per cent., butter from 66 per cent, to 82 per cent., and beef and veal from 64 per cent, to 82 per cent. Britain must seek new technique to deal with the absorption of the world’s surplus. Mr Tom Williams, in moving the Labour Amendment objecting to the perpetuation of the subsidy, said the Treasury had already forfeited £50,000,000.