§ 24. Mr. GRAHAM WHITEasked the President of the Board of Trade what is the present position of the Wheat Convention?
§ Mr. RUNCIMANAs the answer is long I will circulate it in the OFFICIAL REPORT.
§ Following is the answer:
§ The Final Act of the International Wheat Conference held in London in August last has been published as Cmd. 4449. The Act was signed on the 25th August by representatives of the 22 countries whose names appear on pages 5 and 6 of that publication. The representatives of certain countries signed ad referendum. The Act has been accepted by all the signatory countries except the Irish Free State. An international Wheat Advisory Committee has been set up in accordance with the agreement to watch over its working and application. This committee met in London on the 18th and 19th September, and again on the 27th and 28th November, and at its last meeting decided to appoint two sub-committees to consider proposals with a view to improving the world wheat situation. The United Kingdom is represented on the main committee and on the two sub-committees. The main committee will meet again in London on the 22nd January next to examine the reports of the two sub-committees and to consider what recommendations should be made to the Governments adhering to the Wheat Agreement.
§ Export maxima for the various exporting countries adhering to the agreement have been agreed as follows for the year 1933–34 on the assumption of a total world import demand" of 560,000,000 bushels for that year:
| Million bushels. | |
| Australia | 105 |
| Canada | 200 |
| United States | 47 |
| Argentina | 110 |
| Danubian States (Bulgaria, Hungary, Rumania, Yugoslavia) | 50–54 |
§ This leaves a balance of 44,000,000 to 43,000,000 bushels to be provided by Russia or other unspecified exporting countries.