THE CHINA MAIL, JUNE 9, 1939.
COTTON EXPORT SUBSIDY DISPUTE
Washington, To-day. IT is learned that opponents of the cotton export ́ subsidy have advanced a proposal to ear- mark $140,000,000 of funds in the 1940 Agriculture Appropriation Bill to be used to pay farmers to keep cotton from loan. The pro- posal, however, will be fought by the Administration, it is indicat- ed.
The Bill will become effective be- fore the world cotton conference in Washington, Mr. Henry A. Wallace, Secretary of Agriculture, indicated yesterday.
press:
Mr. Wallace said to the "If we are going to have a success- ful international conference it is obvious' our cotton must be made competitive with other growths an equitable basis."
on
Mr. Wallace strongly opposed the alternative proposal, stating it would cost twice as much as an export subsidy.
NO AGREEMENT THIS WEEK
After Mr. Wallace's White House conference yesterday it was made clear that despite President Roose- velt's protest against the budgeted excess appropriations he will accept Senate increases of $338,000,000 in the Appropriation Bill.
This includes $50,000,000 avail- able for export subsidy.
Meanwhile Senate and
conferees are understood
House to have
been debating a ban against the export subsidy. Another debate on
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