FRANCE: The Dear Life

Whipped by a determined farmers' lobby the French Chamber spent 20 consecutive hours in anguished debate last week, then passed a bill to raise further the internal price of wheat, already selling in France for roughly twice the world price.

Under the new law, which the Senate was expected to pass this week, the State will collect from millers a progressively increasing tax on flour, proceeds from which will be used in efforts to raise wheat prices from $1.14 per bushel last week in France to $1.54 by July 15 and within...

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