WOOL OWNERSHIP.
CANNOT BE CHANGED.
PREVENTION OF SPECULATION
(By Telegraph—Own Correspondent.) WELLINGTON, this day.
Under the wool emergency regulations which were issued to-night, it is illegal to change or vary the ownership of wool. The regulations are to remain in force until October 14.
"The purpose of the regulations relative to the transfer of ownership of wool is to prevent speculation or change of ownership while negotiations are in progress with the United Kingdom Government in connection with the purchase of wool during the period of the war," said the Minister of Marketing, the Hon. W. Nash, in explaining the regulations. "Wool is defined to include greasy wool, slipe wool, scoured wool, sheepskins and wool growing on any sheep or lamb, but it does not include wool that is at present in process of manufacture or treatment in a woollen mill.
"Breaches of the regulations are| punishable by a fine not exceeding £200 or imprisonment up to 12 months in the of an individual, or a fine not exceeding £1000 in the case of a company or corporation." |
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Bibliographic details
Auckland Star, Volume LXX, Issue 218, 15 September 1939, Page 5
Word Count
178WOOL OWNERSHIP. Auckland Star, Volume LXX, Issue 218, 15 September 1939, Page 5
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