BRITISH DEMAND FOR WOOL

Press, Volume XCVII, Issue 28748, 20 November 1958, Page 10

BRITISH DEMAND FOR WOOL

Slight Increase In Recent Months I (Neiu Zealand Press Associattom ? MASTERTON. November 19. ? The farming organisations in ■> New Zealand and the Govern- < ment must keep a watchful eye . on trade and commerce devclop--3 merits in countries in Europe, said j Sir Clifton Webb, the former New j Zealand High Commissioner tn ?he United Kingdom, in an ad- • dress at the Wairarapa district fa- : lamb competition. [ It did not seem to bo sufficiently appreciated that Britain relied or. [i selling its exports in Europe, anc. , the extent of those exports govJerned the prices Britain could I afford to pay for produce from : New Zealand, he said. j There were one or two basic facts New Zealand had to face ’•New Zealand, in the far forseei able future, would be a primary--1 i producing country. The United •! Kingdom would be its biggesi customer for many a long day ■I New Zealand was vitally concernled in the purchasing powers of ’'the people of the United Kingl.dom, which were governed b; >j the selling power of the United .'Kingdom export trade. On them . I depended the United Kingdom ■. import trade. Sir Clifton Webb said the com- • | mon market and free trade area ■ j were of importance to New Zea- • jland. but their importance wa:jno*t sufficiently realised. The drop : j in price for wool and butter las.'year showed New Zealand how . i dependent it was on the prices . it realised for its produce. Every- ! : one in New Zealand was affected ,i For New Zealand to pay for , [ raw materials and finished products needed for its expansion y there were only two ways: , j borrowing or by the sale of ex- . I ports. • Sir CJ’.fton Webb said that, al- ■ though the United Kingdom was [destined to be the main export ' market for New Zealand produce New Zealand had always sent some to Europe. The value of this and other outside markets ■ was that they took the surplus off the market and enabled better prices in the United Kingdom. Award to Rose Grower.— The highest honour which can be ■ given to any rose grower in Australia or New Zealand, the T. A. Stewart memorial plaque, has been awarded this year to Mr C. V. Holyoake. Wellington. Mr Holyoake was one of the founders of the Wellington Rose Society.— lIPA.)