I.'UVAI. ( ..\l\H>sl,,N ,,\ At.KH I I. II UK. 





, my.] 



Mn. K. J. THUMP* 





17K. You cannot tell \ I understand. i>. 



gria a very mall profit <>l .iU..it K. ;id a qmti : 

 '.Kit. L." Iw MippliMl at 68* What 1 want i 



. iiii.it i tho plico ' ' i- th.' puce 



.u-li tho iliftlrihiiting dealer M-IU. 1 holioxo. I do 

 it. .1 think In- .i<lil- <>n thiit I- -'i-l. I think he sells at 

 that tW 



liui sin... vih. -i! ha this price been in force, 

 UIMUSC 1 havo boen paying 84s. to 86*. t Of ratine 

 tbOOSt of ilL-ml'iit .HI has I" ! added ', t<i r 



0181. Ton hiiv.- just i "I<l me this is tin- pr. 

 which a distributing merchant would soil, an-l it 

 would im-lude his Is *l. profit? Yes ; hut you would 

 , ay tin- tst "I delivery from :i fort. 



i mean simply tho railway freight ? 



I'1-s.'t Ami that might run up to a niv.it MUf 

 1 1 is not a flat delivered price. 

 : Can you toll im- the flat delivered price to- 

 I harp had it every day that T have been hero. 

 ^ tho most recent dealers' prices ; but I unfor- 

 tunateh have not got it to-da\ .- I tliink that do 

 pends on tho locality to which it is delivered. 



9185. Then I am afraid your figures do not 

 me. Does tin- same tiling apply to your cake prices^, 

 that on to them are. to he added also costs of deln.-ry - 

 from tho mill. 



And does it apply to all tin- other it<-m-s in 

 this Table III.? Yea. 



9187. When was the control for middlings and pol- 

 l.iids put on? Sinco the very oarly days of the Wheat 

 ( ..mmissinii -. that is some time in 1917, I should think. 



9188. There has not been a controlled price all the 

 time. For instance, tho price of middlings is 15 10s. 

 I cannot buy middlings for 14 10s.? That is 

 tli* price at which they are sold by the miller who 

 produce* them. 



9189. To the dealer:- And also to the consumer. 

 In tho ordinary way a great deal of the milling offals 

 i* woH by millers to the consumers, large farmers, 

 and that is the price imposed by the Wheat Oom- 

 ininion. They are required, and in point of fact do 

 actually aell at thcwo prices. Of course they are net 

 price*. Bags would be extra. 



9190-81. I wax going to ask you. The hags would 

 have to be added to those, and that is a very sub- 

 utantial item: V.-s. that is SO. 



9192. I have forgotten how much they oome to? 

 AlNi.it 25s. to 30s. a ton. 



9193. Then would there be the railway freight on 

 to that:' - The railway freight from tho mill would be 

 on to that. 



9194. And the Mime thing applies to tho other items 

 in thin table!- Yes: they are all ex mill. 



9195. Another question 1 want to ask you is this: 

 Duo* not the mere fact of keeping them controlled 

 sln.w you that if it were not for the control, the 

 opinion of the authorities is that the price would !>< 



.n. h higher? Yea. These prices have all !> i 



trolled for the purpose of preventing them rising. 



This particular control that now exists in the case of 

 feeding stuffs was imposed some time in An 

 or July, and was put on because tho prices threat- n. .1 

 to rise very much. 



9196. And tho control is maintained, because tho 

 view of the controllers is that the price would go on 



still if it were not taken off? Yes. As soon as 

 get to be rather in excess of the demand, the 

 control will, in all probability, be taken oil. 



9197. What reason have you for thinking that 

 ithin reasonable time the supply will exceed the 

 demand and reduce tin- prices? That ii the vi-w 

 which we are able to form from the st-it ; stics and 

 prtMperU of future i;, ports and MI forth It is tho 

 view of myself and of the officials <>l '" Ministry of 

 Pood that prices are now tending to fall. 



9196. On what you havi- .ili.-idy ghen in evidence 

 Morning. You have no other facts that you r:m 

 lay before u on which you haw your opinion that 

 price* aif likely to fall because supplies are. likely 

 to overtake the d<-mand. . \>. -pi what you have told 

 I have ..t <oat many tignie, an. I 



fiMMNorand and foith mi the hiihject : hut ii 

 --cn|.|ic Ht.-d f|intioii. Kiich article haw 

 dalt ith separately. 



.t it-ally a hope <n : li.it they will 



i .ill? You told oiio member ot the Commission it was 

 in. in- or less a I .i-k you if it is n hop. 



..i .1 li.-lief;- \\ . mi, to ho a certainty; hi 



.is .1 matter of fact, the prices have fallen slightly, 



or 10s. 



9900. You mean on linseed cake? Yes, and on 

 several other materials. 



1 -iild you tell me the other things where it 

 has fallen already? Palm kernel cake is one tiling 

 '.ih.-ie there has been a small fall. 



- You would not suggest that barley has fallen. 

 ...I you? 



1 r. .ini.si certain information on this point if 

 \ou could supply it .some time. <n could you ^he n 

 novvi- That is the items which ha\e i alien, and on 

 which you haw your opinion? -The items which have 

 fallen in this tahle do you in- 



!>"J04 Yes; in addition to linst-ed, which you have 

 already dealt with?- No, I think there is nothing 

 except palm kernel rake 



''. I thought you would have difficulty in finding 

 it. Then on those two item.s you has.- your 

 except your view that freights are falling? '- 

 excus.t me. 



9306. 1 <fo not want to misrepresent you? Tho 

 view thai then- is likely to be a fall in the price of 

 oil cakes is based on a consideration of the supplies 

 which are likely to come forward and the supplies 

 which are now in hand. 



9307. Mr. Ovrrmuii : One question as regards 

 manures. What do you think is the prospect of our 

 obtaining this ooming year the required supply -.1 

 potash which we want so tiadly on our light lands? 

 Taking potash as a whole, there ought to be no diffi- 

 culty. The position which 1 take it you know is. 

 that the Uovernmunt acquired from Germany -10,000 

 tons of potash salts, mainly muriate, 30 per cent 

 salts and sulphate. That is now being offered for .sale 

 for agricultural purposes. In addition a licence has 

 been issued for the importation of 20,000 tons of 

 kninit 20 per cent, and salts from Alsace. As soon 

 as those supplies have been disposed of, further 1111- 

 portation will be allowed from Alsace. I should say 

 there will he no difficulty. 



9208. Will you turn to Table IV. again, lor in- 

 stance, and take tin- price ol larm M-vds. Will you 

 toll us again who is tho seed merchant who nivcs tin- 

 opinion that mangel was likely to fall 9 per cent.? 

 Yes, I mentioned the name ol Mr. Miln, of Gartons. 



920U. Was he one of the merchants who gave you 

 the average price ol mangel seeds of 1919 at 110s. per 

 cut.- The figures that In- siippln-,1 were taken into 

 account in arriving at this average. The price he 

 actually in. -in imied was 2s. tid. per Ib. 



9210. Anyone who lioughl mangel seed jn large 

 quantities this year could never huy it at lids, in 

 ISH'J, and the estimated average juice in ISl'JO is 100s. 

 You find it quoted in some of the agricultural papers 

 this last week that mangel -cods have hecn making 

 from !!(). to l.'tOs. per ton. wholesale-:- I ought t. 

 that these prices of (arm needs are really wholesale 

 prices. Of course that is indicated h\ the tact that 

 they an- given per cwt. or per husln-1. \\hen I say 

 wholesale. I mean for sale in lar.ue quantities. 



921). Hut how do \ou account for it that the i|ii..ta 



i ions in the papers to-day for mangel .seed are at 



anything from lids, to liMs. per ton?- You will oh 



BIT* that the price for I!M!I given in this table is 1 10s. 



!''J1'J. I am taking the price to-da\ It is from lids. 

 to 126s. per ton? Quito. The- new crop of mangel 

 'ias not really come on to the- market. 



ir.'l:). Son I it has. in the oarly counties I 



MO are just at the precise moment when it has; 

 hut this hgure of HKK. a* compared with I Ids. last 

 ndii ale- that the seed merchants or the 



d-r that the- price of mangel seed this 

 season is likely to fall. 



!CJ1 I. Were your prices for wheat, harlev and r\e, 



taken from M-.-d merchants' price-, or tin- piici* 



current- They are taken from the- et junto oj srcd 



nits. They an- not current, prices. Tin- !!)!!) 



.ay IK- taken a- nearer to (ho current ; 



H'JI.Y Hilt tllo\ Were -eecl Icon-hauls' i i ., V 



!!2lfi. Arc- the prin* for I'M I seed meiolian 



Yes, they are all alike, returned by the- -aim- people. 



