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Show H UNDERCONSUMPTION A WORLD H FACTOR H In discussing the sugar situation Facts H About Sugar says: H "Those who have not studied the sugar H situation closely frequently, express sur- Hj prise at the accumulation of supplies that H has taken place in primary markets and H at points of production. With the world4's B output still below that of the pe-war per- H iod and with the removal of the restric- B lions imposed upon the use of sugar dur- ing the war, it would seem logical to expect ex-pect that the full amount of present production pro-duction would be promptly and' readily absorbed. "As a matter of fact the trouble with sugar today as with other great staples, is not overproduction but underconsumption. underconsump-tion. For six years the people were systematically sys-tematically taught, and in most countries were forced to limit their use of sugar. Some effects of this long continued Campaign Cam-paign of restriction unquestionably remain. re-main. Add to ibis the industrial demoralisation demoral-isation and depression that has limited the purchasing power of all nations, the heavy import duties and internal taxes, that have been imposed in order to 'bolster 'bol-ster up revenues and the unfavorable exchange ex-change situation that doubles or quadruples quad-ruples the cost of purchases made bv many countries, and it is easy to understand under-stand that all these factors combined have operated to hold the use of sugar far below be-low the level that it otherwise would have reached at this time. Consequently it is not difficult to understand that the return re-turn to full normal consumption - must attend the gradual progress of world restoration." |