Word: quota
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Dates: during 1930-1939
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...answer to everything the Big Four asked Russia to do: "Why should we?" The Big Four insisted that the Soviet Union, which did not sign the World Wheat Pact clause to raise prices by limiting exports next year (TIME, Sept. 4), must accept and abide by a reasonable quota. The Pact was signed on the assumption that Russia could not possibly export more than 50,000,000 bu. The signatories limited themselves as follows: Canada 200,000,000 bu.; Australia 110,000,000; Argentina 105,000,000; U. S. 45,000,000, the Danube countries...
...Farmers expecting better hog prices next year cannily held back their farrowing sows, sold the Government only 200,000 up to last week. But so eager were farmers to be rid of young hogs that shipments poured in. With over 3,000,000 already received the Administration raised its quota last week to 5,992,000 piglets...
After nearly a week of suspicious sniffing, Argentine Delegate Thomas Le Breton last week received in London his Government's assent and signed the international wheat agreement, drawn up fortnight ago (TIME, Sept. 4). By it the exporting countries agreed to divide between them a total export quota of 560,000,000 bushels of wheat for the coming year, and cut their exportable production 15% for 1934-35. The agreement runs until July 31, 1935, provides an advisory committee to adjust quotas. Importing nations agree to lower their tariffs when the world wheat price has reached 63.08? gold...
...great exporting countries-Canada, U. S., Australia, Argentina-had been drawn up early in the summer by U. S. Delegate Henry Morgenthau (TIME, July 3 et seq.). Now the wheat importing nations seemed to be doing everything possible to wreck it by insisting on their rights to maintain quota restrictions and subsidies for their farmers. Suddenly came the miracle. An international conference actually agreed to do something, accomplished something, was ready to sign something, all within five days. Delegates of the four exporting countries agreed to limit their combined wheat exports for 1933-34 to 560,000,000 bushels...
...After the signing of an Austro-Hungarian agreement to swap Hungarian wheat for Austrian wood, Italy announced that she too would buy her surplus wheat from Hungary. Repeated rumors came from Paris and London that France and Britain were also about to reward the little Chancellor by lifting quota restrictions against Austrian goods. The beginnings of world recovery allowed the Vienna Chamber of Commerce to announce last week that Austria's foreign trade, though still far from healthy, was definitely better...