WOOL PROFITS.
METHOD OF DISTRIBUTION. (By Telegraph. —rress Association.) WELLINGTON, this day. Mr. Guthrie, Minister in Charge of .Supplies, met the Wool Committee and considered suggestions received from the Imperial authorities through the Prime Minister (Mr. Massey) as to ; the basis of calculation of profits that; may accrue for next, season's sale of Xew J i Zealand wool in England. j The proposal is that half profits should : he calculated "as' for Australia and New Zealand combined, and a division of the, •i total made on a pro rata basis. iThei effect of should-be that more profits, would come to Xew Zealand, because at present Xew Zealand wool, being mostly , crossbred, is almost entirely used for Army work, whereas Australian Wool. generally being finer merino, goes to manufacturers. The conference finally decided that, in the of "definite information regarding the "irrangeni-ht-" iiiade', with Australian - and, other - -wool, countries of\tne'_.n.pvfe, -tne?matte. <be ..eft in the Premier's hands to.be dealt with iri's'ueh a manner "as will-best conserve the "Interests" - of- New Zealand producers.' .7
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Auckland Star, Volume XLIX, Issue 185, 5 August 1918, Page 9
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172WOOL PROFITS. Auckland Star, Volume XLIX, Issue 185, 5 August 1918, Page 9
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