Something about sugar : $b Its history, growth, manufacture and distributionRolph, George M. (George Morrison)
History
Something about sugar : $b Its history, growth, manufacture and distribution
Rolph, George M. (George Morrison)
Sugar
Sugar legislation in other sugar-producing countries of Europe was
similar in general principles and gave practically the same results.
Amendments were made from time to time with a view to bringing the
basis provided for in the law closer to what was actually attained in
production, but the manufacturers by constantly improving their processes
managed to keep the advantage and consequently to receive a secret
indirect bounty or rebate.
The payment of these drawbacks taxed the treasuries of the different
countries concerned and in the case of Austria-Hungary amounted to more
than the entire revenue from sugar. This brought new regulations and the
payment of direct bounties instead of hidden or indirect. Furthermore, a
limit was set upon the total that could be paid in any one year.
Nevertheless, the producers in all the sugar-raising countries used their
utmost efforts to send as much sugar as they possibly could to foreign
markets in order to secure the drawback. It naturally followed that the
production was stimulated to an abnormal degree, and toward the end of
1883 there was a slump in prices that affected all raisers of sugar, both
beet and cane, throughout the world.
The governments of Europe came to find these bounties a serious burden,
and when Lord Salisbury arranged for a convention to be held in London in
1886, the proposal to do away with all bounties met with a good deal of
favor. France, however, opposed the idea, as she wished to discontinue
the direct bounty only and to leave the indirect still in force, while
the British themselves, who used prodigious quantities of sugar and
who, under the bounty plan, got all they needed at a price below the
actual cost of production, did not wish to forfeit this advantage. So
the interests of the British colonists were sacrificed and the London
conference accomplished nothing.
In 1890 Germany resolved to divest sugar of all its privileges in order
that the treasury should receive the entire amount of the taxes. A
measure was proposed in 1891 providing for direct export bounty. This was
to be reduced in 1895 and entirely abolished by 1897.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account