Wool Revenue

Dominion, Volume 24, Issue 104, 27 January 1931, Page 7

Wool Revenue

, Sir, —As , there seems very little prospect of our revenue from our wool sales being anything like satisfactory, might I through your valuable columns make a suggestion to our legislators? When the Great War was raging the position of the wool business threatened to tie up the whole nation, and as a way out of the difficulty B.A.W.R.A. was formed. It took some years to work back to normal conditions in the wool business after the cessation of hostilities, but we got back, and 1 with no financial loss, and might a similar association not be possible in this Dominion? If our Government would arrange to buy, at present prices, all wool now unsold, the farmer, though not getting a good price, would in many instances be glad to sell, as he would then have some capital to carry on with and with which to meet his current expenses. He would, be able also to engage some labour, which now he is compelled to refuse. The farmer has to find cash for taxes, etc., and even if the present sale price of wool, •plus 10 per cent., were advanced to any farmer who would take it, I consider the Government would be on a good wicket, as the risk would be small, and the great probability is that wool must rise, if not in a month or two, in a year of two, and if some loss were involved, the farmer would be in a position to assist, whereas if things go on as at present he will be out of business. —I am, etc.. WOOL. Wanganui, January 20.