Declaration of emergency and policy.
Section 1
SECTION 1. Declaration of emergency and policy. - The existence of die sugar industry is threatened by the imposition of the export taxes under the provisions of Public Act Numbered One hundred twenty-seven of the Congress of the United States, approved March twenty-four, nineteen hundred and thirty-four, as amended by Public Act Numbered Three hundred, approved August seven, nineteen hundred and thirty-nine, and the eventual loss of its preferential position in the United States market. An extensive investigation of the facts relating to the industry has shown that there is a great disparity in the proportion of the benefits being received from the industry by each of its component elements. The industry, as at present constituted, is in effect a monopoly on tlie part of those actually engaged therein, and for this reason, and because of its position in the national economy, is affected with a public interest. The foregoing conditions have produced a state of emergency in the industry, so that it becomes necessary to adopt immediate measures to forestall its complete disruption. It is, therefore, declared to be the national policy to obtain a readjustment of the benefits derived from the sugar industry by the component elements thereof the mill, the landowner, the planter of the sugarcane, and the laborers in the factory and in the field. It is, likewise, declared to be the national policy to stabilize the sugar industry so as to prepare it for the eventuality of the loss of its preferential position in the United States market and the imposition of the export taxes.