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

sugar Planters assoc lhtOH
Il have had no official EO'.fiC@t'o
ncy. president Of III" Sugar Planters
+ officially received by him Il" does Il
!iAed. although the figure reported 5
Alien u. Novel; secretary o, thr
SUGAR Factors. says that ho h"h"Nrs
tho report J.. correct
How the government viii Nc ahI"
t. control 'hc price at tho maximum
fixed is q subject Of much discussion
5,InOnG the sugar mcH what IS "
i,rc> ent anyon" going to Cuba and
ru"chasim" sugar at the price which
might he asked, paying the duty and
ceiling it again for whatever c0uld
he seCurcd"' asks one man.
lie put this query when it VAS
suggested that the government may
intend to control the price by offer
ing only the price decided upon to
Cuban producers and by all agree
mcnt with the Allies to purchase
sugar only through American food adj
m.Histration body. This same man
suggests that restrictive measures,
with penalties FOR violations, will have
10 be- passed making it a crime to
nay OF sell sugar IOl uISISI ISui q
team that agreed upon.
Punishment for Violation
1t is possible that the food control
bill can he 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'
ton 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 Five-cent sugar, +. 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 a pound for
refined sugar, it would make a price
for Hawaiian sugar of not less than
SIS cents a pound, somewhere in be.
tween that and cents. This is
about half cent a pound better than
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 5h 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,