It has been necessary to provide quota restrictions to prevent the destruction of the domestic industry on account of the competition from offshore. lowcost areas. Our continental sugar growers were going bankrupt because of the low prices of 1931. 1932. 1933. before the JonesCostigan Act went into effect. Had that act not been passed by Congress you. perhaps. would not have any sugar beets or sugar cane growing in the United States today. and that industry would be lost to the continental United States. However. in legislating for the primary benefit of the people on the continent you have provided a stabilized market for the offshore island possessions and Territories that has made it possible for Hawaii and Puerto Rico to obtain $100.000.000 a year more for their product than they otherwise would have been able to obtain on the world market.
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quota restrictions