FIJI’S RAW SUGAR.

Wanganui Herald, Volume LIII, Issue 160692, 3 July 1920, Page 5

FIJI’S RAW SUGAR.

BIG DEAL BY NEW ZEALAND GOVERNMENT. (Per United Press Association.) AUCKLAND, July 2. The Government’s new sugar scheme was completed to-day, and will come into operation immediately. The agreement between the Colonial Sugar Refining Company and the Government, whereby the latter will control the distribution of all sugar manufactured in the Dominion, was signed oil Thursday. As previously announced, the Government has purchased the whole output of raw sugar from Fiji, and this will be refined and distributed on its .behalf by the Colonial Sugar Refining Company Negotiations have been completed by "the chairman of the Board of Trade”, Mr McDonald He stated this evening that an announcement regarding prices and the scheme of distribution will be made by the Minister of Industries and Commerce as soon as the Government has had an opportunity to consider the final arrangements with the Sugar Company. Mr McDonald stated that the prices fixed covered all the Government’s expenses, and the scheme was not being subsidised. There were to be no rebates on Customs dues. The Government was running this scheme as a commercial proposition, and it was expected that it would be a payable venture It is understood the new prices will come ■ into operation on Monday, and that, as forecasted by the Prime Minister, the retail price” will be fid per lb in the chief centres. The first cargo of Government sugar has arrived from Fiji, and will be immediate lv refined and passed into consumption, stocks of raw and refined sugar belonging to the Sugar Company have been completely exhai sted.