27 DECEMBER 1924, Page 3

On Thursday, December 18th, in the House of Commons Mr.

Edward Wood, the Minister of Agriculture, explained the proposed subsidy on sugar or molasses made in Great Britain from beet grown in the country during the next ten years. The subsidy is to be on a diminishing scale. For refined sugar of a polarization exceeding 98 degrees the subsidy will be 193. 6d. a cwt. for the first four years, 13s. a cwt. for the next three years, and 6s. 6d. per cwt. for the final three years. For sugar of a lower degree of polarization the subsidies will be proportionate. Excise duty will, however, be reimposed on this home-made sugar. The nominal subsidy of 19s. Ed. per cwt. will thus cost the Exchequer only 9s. 9d.

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