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PLAN FOR NEW ~
WHEAT AGREEMENT
CANBGHRA, Wednesday — j
State Premiers, at their confer-'
ence on price controls with the'
Commonwealth, agreed . to. ask'
their Governments . to ratify a;
new plan to guarantee,/; wheat ;
prices within Australia until, the
1952-'53 crop. |
Tlie scheme Involves a guar
anteed priced of 48/3; ) per bushel
for all wheat;exi»rted,;'wliether
or , not export .'is cbvere'd ; ? by the
International - wheat s Agreement.
Tills price ! will ' bfi.; Varied in ac
cordance 'with any; Vise, or 'fail in
the cost^of production as intll
cated^by ,the ihdex^'fi^iire.; : j
' ' The; Coffmonweaith wili ;im
pose af tax riot! exoeedlnj ?? : 1/ -a
bushel i on ; all wheat1 » exported
, when 'thejexport 'pries- exceeds
.0/3 a' busiiei'or' a -spm equivalent
to t^iat amoymt, as Indicated ^oy
index, movements. '1
The' amotot of the fund to be
buile up'irSm this tax snail not
at any time' exceed £15.000,000.
In the' event of the fund ex
ceeding Tthis celling, the surplus
is to be paid back to contributing
pools equivalent- to the amount
. of the tax for the crfrrent year.
This undertaking is to bJ sub
i Jest to the States themselves ln
, troducing legislation or other
wise declaring a home consump
tion price of 5/3 a bushel isub
Iject to index,' of production
costs) for all wheat required in
, ten.ally for floiu' or stock feed.
| The whole ' of : the Common
i monwealth's wheat production is
t j be pooled' on Uhis basis, and
acquisition is to be avoided.
Under the plan' there Is to be
no licensing cf acreages .or res
triction of production:
The sciicme 'was examined bv
Sta to Ministers * c 'o'f rAgrlculturt .
before the Premiers met. : :i\i
The. Minister: -;- for.. Commerce
(Mr. Ppliard outlining ,lt to ? tne
Premiers', confertnoe,;- said it hao.
been -prtgiosed b ythe: jCommon
wealth i'subjecij to thev-ratifica-'
tion'of the International Whjeat
Agreement f; . ,
. He 'i'said'' arrangements would
have to be made when the St^te
Government, ratified the schemt
for ' the-'p- ? establishment ? , of ft
suitable handling authority.
The scheme would require for
preference - the ennct men t by the
States of legislation complemen
tary with* the ? . commonwealth,
and also protective power enab
ling, a- home consumption price
to be declared.
Printed vmd'.pu Wished by WU
lium Henry Pinkstone, of. 15'
Wallehdopn. street, Cootamun
dra, at thS''^;^i'C»ot'amundrB
Daily Herald' -FPlntery, lot
? wallendoon street,; cootamun
dra. for the ? registered firm o!
W. H Plnkstnnt' npd Sni. !
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