Right Hon. C. D. HOWE (Minister of Trade and Commerce):
I desire to announce that an equalization payment of 3-623 cents per bushel will be made to western producers who marketed oats in the period from August 1, 1946, to July 31, 1947. The total payment will amount to $3,762,031.39 and will be made on 103,837,466 bushels. During the entire crop year an amount of $10,971,544.46 was collected in equalization fees. It will be remembered that an advance equalization payment of 10 cents per bushel, amounting to $7,227,341.55, was made on oats deliveries from August 1, 1946, to March 17, 1947, when the maximum price was increased and no further advance equalization payments made. As soon as the cheques can be written they will be sent to the handling companies, who will distribute them to the producers.