BRITAIN’S WOOL STOCKPILE
Decision Not To Sell (N.Z. Press Association—Copyright) | LONDON. April 2. The British Board of Trade’s decision not to sell any wool from the stockpile at the May auctions might be a gesture of assistance to New Zealand, the “Financial Times’’ said today. The reason for this could be the effect on New Zealand’s balance of payments by recent falls in the prices for dairy produce and wool, the newspaper said editorially. For two years stockpile wool had been on offer regularly at, the London auctions, the “Financial Times’’ added. Nearly 50,000' bales in the year ended last 1 March, 1957, and about 92.000 bales in the year ended last month.
It had been thought that the remaining stock—officially estimated at about 350.000 bales—would be sold over the next few years at the same rate.
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Press, Volume XCVII, Issue 28552, 3 April 1958, Page 17
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137BRITAIN’S WOOL STOCKPILE Press, Volume XCVII, Issue 28552, 3 April 1958, Page 17
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