Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-08-31

sugar Plant - arNur'a'!OH
i have hal no rI'!' iai motto %
ncy. president Of '..~ sugar I!aI'er-
J. officially received u! IAN II" does Il
IMed. aIth0u2n 'hc tIcurc reported Is
AIlcu " NuN," s",r,1nt OF tAf
Sugar Factors. sa:- that lr 'r1.' -
TIC report j. ,O.r",'
How the 2o>crn,mer' VIII b" a".'
1n control tn" p-i'" At tie maA!mu.1
i'Ncd Is subject o. mH' h DISCUSSION
among tn" sugar Iao2 "Whaf : ~
prevent anyone going TO Cuha and
purchasing sugar at the price when
might he asked. laying tho dIty and
selling it again for whatever could
he secured a." asks one man
He put this query when l. was
suggested that the government may
intend to control the price ny Offer
ing only tho price decided upon to
Cuban producers and by al agree
ment with the Allies to purChaS"
sugar only through American food adj
m.nistratiOn body This same man
suggests that restrictive measures,
with penalties FOR violations. will have
10 be passed making it crime TO
buy or sell sugar for a higher figure
tuam that agreed upon.
Punishment for Violation
it is possible that the food control
bin can be interpreted to cover such
violations, as wide powers are grant
cd the government to punish anyone
who in any manner acts to Violate
the provisions Of the law.
Sugar, however, is not specifically
mentioned In the food control bill,
but Willard and Gray suggest that
its export be controlled under the
espionage act requiring licenses for
certain exports.
AS to the liberality of the figure
fixed for sugar there is general sat
isfaction by those interested in the
industry. The rather high price is
taken as an indication that the gov
eminent is anxious to foster prOduC-
tion above the normal during the war
period, not only in sugar producing
areas under the American government
but also in other countries.
May Get Big Tax
1t is also pointed out that the gov
eminent may be cleverly counting
upon securing huge revenue by an
indirect tax, through the imposition
Of a large excess profit tax, now
scheduled at 33 1-3 and upward.
Secretary NOVEL;, Of the Sugar Fac
tors, in commenting upon the price
agreement, said:
The difference between the price
OF Cuban sugar and Hawaiian sugar
in New York is something over a
cent. Ffve-cent sugar, T. o. b. Cuba
is, therefore, better than 6 cents. The
refineries figure on about cent and
half a pound expense and profit in
refining. At ~ cents pound for
refined sugar, it would make a price
for Hawaiian sugar Of not less than
5.75 cents a pound, somewhere in be.
tween that and cents. This is
had been figured here by most Of
those who had considered the mat
ter and looked for a AZ cent basis
for Cubas, which would have meant
about 512 cents for our sugar.
Il believe the Hawaiian plantations
will be we'll satisfied with the basis
that has been agreed upon by the food
commission"
The despatch from New York tell
ing Of the price agreement reads as
follows:
THE food administration yesterday
requested the sugar refineries of the
country to- put refined sugar on a
similar basis to that which has been
adopted by the beet sugar producers
at the request Of the same body, that
is to say, to sell the refined sugar
on about the same basis as beet sugar
will be sold. Seven and a quarter
cents a pound for granulated sugar.