New-York tribune., 1902-08-01
eompulsory exportation abroad of all surplus

examined in the council Of the empire, tnese
organized by order OF MS llnpsfaa- paar The chair
ranship of Privy Councillor Bung, am Tbis
his death, of Secretary Of State soisns;; ;stsnce
committee was TO examine with the assio.a s..sn
of experts the theoretical aspect OF the qussp..
and to determine the main bases LOT ser5isd
ment intervention IN sugar inauS cso,nSition OF
the development and present eoh1,rrUHi srois,ed
this industry, as well as the oasa gugar
by the Ministry of Finance ana ..e .,sss1Sv
producers. The Ministry OF Finance Ado 60, az AZ
expressed in unmistakabe terms, It's oplnio ot ns
the question Of bounties for the eApot .bs Ex-
Change Committees at Kiew. Charkow and a,S, War
saw, under date of March 19 1895 NO, l,9 ,tv 70
The Ministry ts S6ei 96 not thn possible solicit
payment of bounties. either reinI9rfsa The boun-
tes Whe have ha5 p been being del feyssa s
should have no other OBJECT Ihan { during the
season sel dT0 of us after that date they sovS go
Stn Sgt OF s54edGe ss with
the ;b infect 9 IS aexcusVey and not
to gain preponderance on foreign ma ract;caI use
sncs gS e the European powers Germany France ana
Austria have gone so far IN the hat head is
that any cimpPessbIe The Ministry Of Finance
s1d Of home consumption and not for the pun
pose of supplying forelgF esia Consumers and
81 b TmneraI IN treasury. Therefore the MlnstIy
0rod1oers that they cannot to receive 5onqes
for the exportation 9f 36 fas Enr6pean markets
committee
vein in its journal in 1880:
The committee does not find It expedieen{5, ,1ISo TO
adopt measures Of whatever s 70 foreign mar
Eafs to9 such artificial expectation would ne ca az
red on either at the expense OF I1s Of home CON
shape OF 6o viii have TO stand rise Of prices on
the home n oter Result than to obtain pal
overproducton Of sugar py %nich Landitjons Under
been reduced TO the precall'u9
which it now labors.
The opinion above outlined served as d a@ paSi@
for the present legislation governing Ihe -
industry The government mas uiluet en- 80
rag,Ileta home production OF sugar oy SSteo
fishing by law the normal quantity OF sugar NC J.
may be admitted annually 70 Lhe @ noT T, s11ai
excise tax of 1 ruble 10 copecks per Pooo; 20 ~
for sugar that should be brought on tle na nolno
noarLef over and above the determined qlaH-
tjtv if also pays an additional duty naklns
a total of rubfes 80 copecks per Pooac P. ~ -
ing by these measures the wishes oL +SS basnd
ducers, the government, on lhe ottet . 80
deems 1t indispensable also 10 protect the @ Con-
surners against an excessive rise OF PLLCv- P
With this object it determines tor eacn susaI So
season a ma xinoun for the price OF sugar, ana
as soon as the quotations on the nome mara nldIAS.
exceed the bounds as determined ths -l.lts.tS 49,
of Finance authorizes a new distribution OF ue
enear ont of the compulsory reserve. which only
pays the usual excise duty.
HOME AND FOREIGN MARKETS
On being exported abroad the sugar is freed
from the excise and additional taxes, oecause
the excise is an Internal revenue tax. and II IL
vas Collected on exported sugar it would be-
come an export duty, The total GuahtIE o5
sugar allowed on the home market Is distributes @
among the factories in accordance Win tHelt
producing capacity, but in view OF the 1act thaI
the factories are in different locations. ana IIdI
some of them find advantages IN exporting
v-hiIa IN Is Drsfera bic for others 10 sell their
products to home consumers, they are permit
ted TO redistribUte among themselves the QGan-
THY Of sugar permitted on the nome fnarket.
II is but na turaI that factories which cede 10
others their right 10 place sugar on the nome
market and export their product should receive
tfOr,< <0rv sacrifice
fits arising from the sale of the product or the
home market. Through the cession OF TINS
right Of production the total quantity OF sugar
that Is put on the home market is not increased
and II would. therefore, be un-1tr TO suppose
that, in proportion as the numoer OF tactoTles ,
should export larger quantities OF sugar otner
factories could place larger quantities on the
home market by paying the ordinary excise duty
of l ruble 10 copecks per pood- This rlght OF
cesson does not encourage expectation OF sugar
abroad. and does not contribute IN inereaslns
the quantities put on the international market
II simply facilitates the distribution OF
tional production. or output. between the home
and foreign markets. in conformity 70 naturai
payment OF certihcates or export Is n9t as
guised bounty for expectation. but solely rep
resents one OF the benefits enjoyed by the fac
tories on the home market, due 10 the fact that
this same market is regulated
Even although the word bounty could De
used for the payment OF certain sums made
not by the government but by one factory to
another. still IL would not be possible TO call
by the name Of export bounty anything except
that which should contribute 10 develop such
expectation. but the sale OF export certificates
contributes only 10 substitute the exports Of one
factory for those Of another.
SO that. since the government has actfvely
interviewed the new regime OF the sugar indus
try is essentially different from the old one. in
that the government now regulates the dis
tributon of sugar Of the home market.
REGULATING PRODUCTION
This measure restricts any excessive growth
of the industry. The government simultaneous
ly abolished all export bounties and compul-
sorry expectation Of sugar abroad. II compelled
the producers. in the interest of the consumers.
to maintain an unchanged stock, which pre-
vents the export OF a portion Of the surplus
sugar. Finally, II aims solely to bring about a
gradual fall of the price Of sugar in the coun-
try. while gradually increasing the quantity of
sugar permitted the home market, and deter
mining the maximum Of prices few months
before the beginning OF the new sugar season.
consequently without taking into consideration
the amount of surplus sugar that might be ex-
ported and the quotation foreign markets
The fundamental basis OF this control OF the
sugar industry is to avoid overprocuction, TO
promote lower prices. but gradually, without
sudden variations, which would denoralze the
industry, and, finally. to increase the home con-
sumption of sugar. AS for foreign expectation,
not only was it not contemplated in the meas
ure, and not only is IL not favored thereby. but,
on the contrary. il is actually placed under con-
ditions much more disadvantageous than there
tofore. The law of 1898 even admits Of the coll
lection of the excise duty on exported sugar in
excess when the quotations for sugar foreign
markets should rise TO such a point 10 pro-
mote a larger production OF sugar for the pur-
poses of expectation. (Note 10 Article IX0
A regulated home market, protected against
the critical possibility OF an excessive supply
OF merchandise. affords TO the output OF our
sugar industry more advantageous and better
paying opening than the foreign markets, where
have 10 meet the competition OF bounty fed
sugar from other States Since the PRONUNCIATION
of the law of November 20, 1895. our sugar in
dustry has applied itself to meet the demands
OF home consumption in accordance with the