§ Mr. LAMBERT
asked the Minister of Food the price paid to the British farmer for wheat; and what is the price paid for imported wheat of a comparable quality at a British port, including cost, freight, and insurance?
§ Mr. McCURDY
The Gazette price for home-grown wheat for the week ended 16th October, was 90s. 8d. per quarter of 480 lbs. The quotation on 23rd October for United States spot wheat shipment from the Gulf, was 226 cents per bushel. At the present rates of freight and insurance this wheat, which is of smaller moisture content than the home crop, could be landed in the United Kingdom at a total cost of 89s. 1d. per quarter of 480 lbs., if exchanges were normal. The loss 1581W on the adverse rate of exchange at the present time raises the landed price to 119s. 6d. per quarter.