M. —AGRICULTURE . 



237 



Expressing these prices as index-numbers, with the average pre-War 

 prices quoted above taken as 100 in each case: — 



The most striking comparison of prices is provided by the months 

 November and December 1921. In both these months the price of coarse 

 middlings was actually higher than the price of wheat. The percentage 

 increases on the pre-War levels are also instructive, viz. : — 



Percentage Increase 



English wheat 



„ coarse middlings 



,, bran 

 Straight-run flour 



Taking the respective food values of wheat, coarse middlings, and 

 bran as represented by the figures 100, 85, and 65 respectively, the 

 relative values to the pig-feeder, apart from dietetic considerations, 

 would be as follows : — 



MILE. 



Summer Contracts, 1922 (London Supply). 



Per Gallon. 



To Farmer 

 Prices originally proposed and agreed 8d. delivered London, 



to {re J of supply) 



Equivalent to (average) 



Prices after Government intervention 

 Equivalent to (average) 



To Coustimer 



carriage paid, 



6d. at fann I 



lO^d. delivered London | 



8id. at farm J 



1/8 



1/8 



