The CSR Company Ltd and all associations of cane growers in Fiji reached an agreement on the price and conditions for selling and buying cane for the 1961 crushing season.
The article was published in The Fiji Times on Monday, March 27, 1961. The agreement contained the following points:
- All sound cane planted before the end of 1960 will be bought;
- A delivery payment of 36/-tonne to be paid within six weeks of delivery;
- A second payment of nine/-tonne to be paid within eight weeks after the end of the crushing season and
- A final payment not later than June 30, 1962, fixed on the price recommended by the Sugar Inquiry Commission in their report
If any sugar has not been sold by the end of April 1962, a later payment will be made in respect of such sugar.
The price of burnt cane will be as for the price of cane, but an initial deduction of two/-tonne will be made at the time of the delivery payment.
A further deduction will be made from the final payment of the amount, if any, recommended by the commission in their report for deduction for burnt cane delivered more than 48 hours after burning.
Conditions relating to the extraneous matter, rouging and other matters have also been agreed upon.
The signatories to the agreement were the counsel for the various bodies.
The signing of the agreement followed the meeting.
In a separate statement, the four counsels who signed the agreement acknowledge the part played by the chairman and members of the commission.
