WOOL

Press, Volume XC, Issue 27444, 2 September 1954, Page 9

WOOL

Sir,—The Wool Board should publish in its annual reports the income and expenditure accounts of the New Zealand Wool Commission and International Wool Secretariat. Their expenditures-will startle woolgrowers, when. compared with results. Woolgrowers should know the cost of the commission’s London office, purportedly employed to appraise the small quantity of wool shipped for sale there by growers—only 74,582 bales in 1952-53. The commission’s objective is to buy wool with wool pool funds whenever buyers offer less than floor price. It promotes dangerous stock piling, with its dire repercussions. Why not profit from America’s bitter experience of buying in price supports for butter? Substantial savings would be made in administration if, instead of buying in, the,commission used wool pool funds to subsidise woolgrowers whenever their wool is sold below floor price. This system would ensure each season’s wool going into consumption, the only sure safeguard for future clips.—Yours, WOOLGROWER. September 1, 1954.