OCR Text |
Show FRANCE PUTS UP BARS ON WHEAT TRADE Importation Forbidden By Act Of Chamber; Blow To World Commerce PARIS, June 24 (U.R) Approving Ap-proving a wheat subsidy plan by the vote of 580 to 35, the chamber of deputies today dealt a drastic blow at international inter-national trade one expected to have grave repercussions among delegates to the world economic conference at London. The bill's provisions are: 1 Foreign wheat imports into France are forbidden, even under j the present temporary admission plan, which is abolished. This means France is unlikely to import a single bushel of wheat for at least a year. 2 A bonus of approximately $1 a bushel is granted to French wheat exporters. isgiti Vrlue Set a The legal price of vvlieat in France is 1X5 franca ($1.90 a quin-' lal (3.07 bushels). This is $1.33 a: bushel. Anyone who sells or buys wheat at a lower price is liable to rjrosecut ion. 1 4 Owners of ten quintals (3G.7 bushels) or more of wlu-at flour must declare whether it is domestic domes-tic or foreign. A credit of 400,000,000 francs ($19,6U0,0U0) with which lo operate the scheme. The bill was sent at once to the senate, which was expected to vote on it before night. It was notable that the government govern-ment opposed a majority of the articles of (he bill, realizing its pos-cible pos-cible effect on world trade. Bui Socialists forced it through. The temporary admission law, which the present project would abolish, permits im portal ion ot hard mixing wheat such as grown by Canada and Argentina, so long as equal quantities of French wheat were exported. With millions of bushels of wheat in storage, and reports coming in of a big harvest, the bill proposes to institute a high agricultural wall along the lines of the extrer.-e nationalism which the world eto- l nomrc conference is trying to abolish. |