FREE BOOKS

Author's List




PREV.   NEXT  
|<   232   233   234   235   236   237   238   239   240   241   242   243   244   245   246   247   248   249   250   251   252   253   254   255   256  
257   258   259   260   261   262   263   264   265   266   267   268   269   270   271   272   273   274   275   276   277   278   279   280   281   >>   >|  
te has been invoked in other directions. Already the Government has assisted experimental cultivation of beet in this country. The suggestion has been made that the State should build two beet-sugar factories, which would cost about L200,000 each; in this way it is suggested that our home supply of sugar would in the future be assured, and that agriculture would benefit considerably.[4] [Footnote 1: _Round Table_, Sept. 1914, p. 705.] [Footnote 2: This was done through the Board of Agriculture for the War Office. On the other hand, in the purchase of clothing, boots, blankets, etc., the War Office approached the producers directly instead of through the Board of Trade.] [Footnote 3: It was reported in the Press on October 8, 1914, that the Home Secretary had purchased 900,000 tons of sugar at about L20 per ton, the transaction involving an outlay of about L18,000,000.] [Footnote 4: See an article by Mr. Robertson Scott in _The Nineteenth Century_, October 1914.] Sir Charles Macara has put forward a scheme of State aid for the cotton industry. Owing to the war, a third of the total cotton crop (usually taken by the continental countries) was thrown on the market. Prices naturally fell, and there was a danger that the cotton planters might not be able to pay the debts they had contracted to enable them to grow their crops, in which case there would be a likelihood of the land being used for other saleable commodities, and the efforts which have been made in the past to increase the cotton crop would be nullified. In the meantime, the surplus cotton on the market created an uncertainty regarding prices, and buying came to a standstill, with the result that the position of the industry as a whole became very critical. The suggestion of Sir Charles Macara is that the Governments of this country and the United States, acting in conjunction, should take the temporarily unsaleable surplus of raw cotton off the market and store it for use in years when the crop is short. In other words, it is proposed to establish a permanent national cotton reserve. It is estimated that the cost of the scheme would mean an outlay of sixty to seventy millions sterling. If the plan were put into operation, however, it is claimed that it would restore confidence, prevent the wholesale stoppage of mills, and at the same time establish a cotton reserve to counteract the fluctuations of crops in the future.[1] These matters need but to be st
PREV.   NEXT  
|<   232   233   234   235   236   237   238   239   240   241   242   243   244   245   246   247   248   249   250   251   252   253   254   255   256  
257   258   259   260   261   262   263   264   265   266   267   268   269   270   271   272   273   274   275   276   277   278   279   280   281   >>   >|  



Top keywords:

cotton

 

Footnote

 
market
 

Office

 

October

 

Charles

 

surplus

 

reserve

 

establish

 

industry


scheme

 
outlay
 
Macara
 

future

 
country
 
suggestion
 

standstill

 

buying

 

result

 

Governments


United

 

States

 

acting

 

critical

 

position

 

prices

 

uncertainty

 

likelihood

 

Government

 
saleable

commodities

 

Already

 
meantime
 

directions

 

created

 
nullified
 

increase

 
efforts
 

restore

 
confidence

prevent

 

wholesale

 

claimed

 
operation
 

stoppage

 

matters

 
fluctuations
 

counteract

 

sterling

 
enable