OUTLOOK FOR WOOL

Ashburton Guardian, Volume 56, Issue 18, 2 November 1935, Page 7

OUTLOOK FOR WOOL

LORD. BARNEY’S VISIT.

VALUE OF IMPERIAL TRADE. (Special to the “Guardian.”) AUCKLAND, November 1. Among the passengers who arrived by the Lurline from the United States was Lord Barnby, a prominent figure in the wool industry. Lord Barnby, who is a partner in the firm of Francis Willey and Company, wool brokers, of Bradford and Boston, spent a month in Neiv Zealand five years ago investigating questions of marketing and research, and other matters connected with the industry. He lias come again this year with the same purpose in view, and after a stay of one month will go on to Australia, which he has not previously visited. During the latter part of the Great War, Lord Barnby, as wool controller, organised the purchase of the Empire’s wool output for military and civilian use. He is president of the Wool Research Association, a past president of the Federation of British Industries, a director of Lloyds Bank, and a member of the Central Electricity Board, which has carried out and controls the great recent development of electric power in Great Britain. Interviewed,, Lord Barnby said lie did not wish to discuss the wool outlook so early in his visit, except to say that, with the general improvement in trade and more wool would go into consumption. In Britain the expansion of industrial production was largely due to the application of protective tariffs, which had enabled' Britain to retain permanently, as he believed, her homo market. The lowering of costs through increased production had contributed much to this result. In England to-day there was a very lively belief in the value of intraImperial trade. Lord Barnby mentioned that he had lately made visits to Germany and Russia, and had collected much, information, which he believed would be of value to the New Zealand wool industry, especially as to the under-impor-tation of wool by Russia.