§ 29. Mr. T. WILLIAMSasked the Minister of Agriculture whether, in view of the fluctuation in the price of British wheat as witnessed during the last three years, he is contemplating any steps that may lead to stabilisation over long periods?
Mr. GUINNESSDuring the last three cereal years ended 31st August, the average price of British wheat as returned under the Corn Returns Act has been, 1924–25, 12s. 6d.; 1925–26, 12s. 3d.; 1926–27, 11s. 11d. I am not proposing to take any steps in regard to the stabilisation of wheat prices. This subject, as the hon. Member is no doubt aware, was considered by the Royal Commission on Food Prices in 1925, and the objections are fully set out in their Report.
§ Mr. WILLIAMSHave the recommendations made by one of the Departmental officials on the question of stabilisation been disposed of for all time?
§ Brigadier-General Sir HENRY CROFTWill the right hon. Gentleman inquire from the Opposition what is meant by the stabilisation of wheat prices?
§ Mr. BUXTONWill the right hon. Gentleman carefully consider the recommendations of the Committee of the Ministry of Agriculture in 1925 on the stabilisation of prices?
Mr. GUINNESSYes, we have carefully considered this matter, but we cannot find any way which would be satisfactory.
§ Mr. WILLIAMSDoes not that particular Report point the way to stabilization?