DOMINION WOOL SALES.
♦ REGULATIONS GAZETTED. (Per Press Association.) WELLINGTON, June 23. The Board of Trade (wool industry) regulations, gazetted to-night, provide for the setting up of a New Zealand Wool Committee, consisting of two representatives of the woolgrowers and one Government representative who ] shall he chairman, and such other per- j eons as the Minister may appoint from | time to time to hold office during his pleasure. ' Three members of the committee are to form a quorum. Power is taken for the Board of Trade, on the recommendation of the committee and with the approval of the Minister, to fix by resolution minimum prices for various kinds a ; nd grades of wool. It is made unlawful for any person to sell or buy wool at less than the prescribed prices. With the approval of the Minister, the Wool Committee is empowered to determine from time to time the maixmum aggregate quantities of wool that may be offered for sale by private treaty or pxiblic auction m any period, and to fix the maximum quantity of wool which may be offered at any specified sale, whether by pri vate treaty or public auction." It is also provided that no person may sell wool by auction or on commission otherwise than by auction except on a permit issued by the Wool Committee and m •compliance with the committee's instructions as to the maximum quantity of wool to be offered. It is made unlawful, too, for any person to export wool except (1) under permit from the Wool Committee, or (2) subject to an undertaking to the Wool Committee that he will not sell his wool m any •country at less than the prescribed minimum price plus actual and reasonable amount of freight, insurance, and -other charges for giving delivery. The new wool regulations do not apply to wool sold by private treaty m quantities not exceeding 8001 b weight, but two or more sales made between the same parties at or substantially at the same time will be considered to be one sale. i
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AG19210624.2.46
Bibliographic details
Ashburton Guardian, Volume XLI, Issue 9544, 24 June 1921, Page 8
Word Count
342DOMINION WOOL SALES. Ashburton Guardian, Volume XLI, Issue 9544, 24 June 1921, Page 8
Using This Item
Ashburton Guardian Ltd is the copyright owner for the Ashburton Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Ashburton Guardian Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in