NATION'S WOOL SUPPLY.

Auckland Star, Volume LXX, Issue 304, 26 December 1939, Page 3

NATION'S WOOL SUPPLY.

WARTIME NECESSITY

BRITISH CONTROL POLICY. (Received 10.30 a.m.) LONDON, December 25. Wool control policy continues to receive much prominence in London and a series of important meetings, including a private conference of Australian and New Zealand interests, has been held. The "Yorkshire Observer" draws attention to the great activity in connection with plans to increase export. The wool trade claims that the control policy has undoubtedly achieved its primary objects in conserving the nation's wool supplies and providing wool com; moditiee required for the prosecution of war.

With the purchase of the entire export surplus of wool from Australia, New Zealand and South Africa, the British Government has become the woria's greatest wool merchant. The wool control authority has become a gigantic organisation. and has certainly assured a good eui>plv for Imperial purposes. During the eifiht months prior to the commencement of the war. British imports of wool were very heavy and re-exports were- less than usual. The quantity of imported raw material retained was the equivalent of 2.052.000 bales, being 40 per cent more than the average • for the corresponding period of the previous five years. The United Kingdom is. therefore, in a particularly strong position in regard to the aheap'* staple.