WOOL INDUSTRY

Ashburton Guardian, Volume 65, Issue 196, 1 June 1945, Page 4

WOOL INDUSTRY

LONDON CONFERENCE. COMMENT ON PAPER REPORT. “FOOLISH EXAGGERATION.” (N.Z. Press Association —Copyright.) (Rec. 12.30 p.m. 1 ) LONDON, May 31. “A foolish exaggeration” and “crazy” were comments made in London in informed circles on the report in the “Daily Express” that the Empire wool conference, which recently concluded its meetings, had made recommendation as a result of which British woollen mills would have raw material for 20 years at stabilised prices and also that the same long-term policy should be applied to meat, bacon, eggs and dairy produce.

It is pointed out that the information could not he authentic, since each delegation had agreed not to divulge anything regarding the discussions until their respective governments had

considered the conference’s report.

It is remarked that the measure of truth contained in the “Daily Express” ,statement' could be assessed by the fact that the conference discussed wool only, and did not pay the slightest attention to other primary products. It is understood that all the delegates are well satisfied that the conversations they had will ultimately form the basis of a very useful agreement. There is also said to he support for a suggestion that discussion should be held with American woo! interests, followed by even wider talks which may assume the nature of a world conference.