POOLING WHEAT.

Waikato Times, Volume 100, Issue 16748, 15 March 1926, Page 6

POOLING WHEAT.

canadian methods. ■mr. Mcdonald impressed. (Australian Assn. I NEW TURK. March 13. . Tlie.Australian. dflCgatfi.'to the recent wheat conference in Canada, Mr .1 M. .McDonald, has arrived In New York, lie will sail by the Tahiti for Australia on MarelC.2i. On his arrival in the • Commonwealth he .will communicate with all the Australian wheat pools in order to ascertain their views on the creation of a central pool similar lo that of Canada. Mr McDonald said-it was quickly discernible at the St. Paul conference that the interests of -Australia and Canada'are the "same;' The American pools arc concentrating their attention on their own pr/ohl'ems,;.; .which are chiefly .connected with domestic consumption, and the Argentine was not represented. If Canada and Australia c.o-operalcd, said Mr McDonald,, there would be no question of a disorganisation of the world's^wheal market owing lo unwise competition' bringing ' hafdsliips upon the consumer and producer alike. He was extremely impressed by the successful methods of the Canadian central pool arid provincial pools. The directors expressed the keenest desire to co-opcralo with the Australian pools for regularising the supply of wheat lo the market. Tlioy accepted an invitation to send a delegation to confer with flic chief officials of the Australian pool in August'. A necessary preliminary to co-oper-ation with Ihe Canadian delegates was unity among the Australian pools. If liicy acted together instead of against each other it would mean jgrc-jUcr profiis. lie hoped the central Australian body would ho organised before Ihe arrival of the Canadian delegates in August. Mr McDonald Canadian pools were organised as follows: — The provincial'pools in Alberta, Manitoba, and 'Saskatchewan oa!eli appointed t\ve'.d6lcgalcs'lo''nre"ren'(.ral-i>ool. The central pool maintained n sidling board and the various representatives necessary for the marketing of Ihe product. The provincial pools maintained staffs of field agents and experts who kept in direct touch with the producers. Thp central .pool-. engaged ,•. three grain experts whose experience made them the most superior:. salesmen in the wheat world. 'Thcs'tf"men sold the grain in London and Paris. The central pool maintained offices in those cities, its officials had expressed llieir willingness to have Australia also represented in those offices and would give the Australian, pools one of their salesmen for .a period -of .a -year, and train other salesmen for Australia. Mr McDonald said lie l«>ped the Australian banks would support the centralisation scheme. The Canadian hanks felt -that the prosperity of the farmer meant the,-prosperity of the banks. The question of a Government guarantee was subordinate, to the question of a central- pool,"which, in co-operation with Canada's centralised pool, would bring about_tbe desired result.

Asked whether the Argentine might net nullify any effort lo regularise the wcrld's market, by .sending, its '.wheat out regardless of .the activities of the Canadian and Australian.pools, Mr Donald said ho believed Canada and Australia, by working together, would ensure the steadying of the market, and that-the-co-apcrntfr)n"hTThc Argentine could also be expected in time.