CARPET WOOL COUNCIL

Press, Volume CI, Issue 29714, 6 January 1962, Page 15

CARPET WOOL COUNCIL

“Growers Watch With Interest” (N.Z. Press Association) WELLINGTON, January 5. “New Zealand wool growers will watch with interest the plans of the Capet Wool Council Inc., established last month in New York,” the chairman of the Wool Board (Mr J. Acland) said in Wellington, according to a supplied statement. “The council, formed by members of the carpet wool trade, has hopes of raising funds well in excess of one million dollars a year for research and publicity for wool carpets in the United States.” American buying of carpet wools was of growing importance to New Zealand and the centre of the trade was in Boston and New York, Mr Acland continued.

Carpet wool, which was admitted duty free, accounted for about 80 per cent, of American purchases at New Zealand sales.

At present, it earned approximately £l2 million annually—a substantial share of New Zealand's total dollar earnings.

At the same time. New Zealand carpet wool was becoming increasingly important to the American trade. It was now about a third of the total imports. Final figures for 1961 would probably show that for the first time, this country had edged out the Argentine as the major supplier. "The promotion of carpet wool was the main reason for my visit to the United States last November,” said Mr Acland.