WHEAT RESTRICTIONS
NO AGREEMENT REACHED. EXPERTS* TO MEET AGAIN. LONDON, May 17. The wheat experts, who have been in conference but have failed to reach an agreeemnt on acreage restrictions, will meet in London, after consulting their Governments, on May 29. They issued a statement before adjourning, says the Geneva correspondent of tho Times, ascribing the crisis, liistly, to the accumulation of exportable stocks, especially in Canada and the United States, coinciding with a number of abundant harvests, and, secondly, to the intensification of agricultural production in importing countries. The experts consider that the actual over-production is small, and suggest international action, to limit .production, and possibly exports, so as to liquidate stocks and maintain a reasonable import market in European countries. They add:—“While wo do nut demand the abandonment of protectionist policies deep-rooted in national sentiment, we ask importing countries to apply such policies where they are necessary with moderation, as a rise in wheat values will benefit importers and exporters alike.”
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Wanganui Chronicle, Volume 76, Issue 122, 26 May 1933, Page 8
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163WHEAT RESTRICTIONS Wanganui Chronicle, Volume 76, Issue 122, 26 May 1933, Page 8
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