AMERICAN WOOL TRADE

Dominion, Volume 33, Issue 136, 4 March 1940, Page 6

AMERICAN WOOL TRADE

Complaint To Senate BRITISH CRITICS OF HOME CONTROL POLICY By Telegraph.—Press Assn.—Copyright. (Received March 3, 7.5 p.m.) LONDON, March 2. A message from Washington states that American wool manufacturers, headed by Mr. Arthur Besse, president of the national association, appeared before the Senate Finance Committee and opposed the extension ot trade treaties, asserting the possibility of a reduction in the duty in the agreements. Australia and New Zealand, it was held, bad been a depressing inlluence there for five years. _ Leaders of the British wool industry fully endorse an attack in Melbourne by Sir Dalziel Kelly, chairman of the Australian Wool Board, on the wool control policy as a result of which home trade has been split from top to bottom. , It is apparent that the British Loot Federation does not intend to alter its decision to secede from the British Wool and Textile Delegation, the central body representing all sections of the industry.

A bitter controversy has been raging for weeks in the Yorkshire Press because it is claimed that manufactuiers are piling up large profits while importers have been reduced to the role of commission agents for the Government. ~ . , [Sir Dalziel Kelly on Friday oeclared: “The British Wool Control is administed from Bradford apparently in the interests of Bradford." He added that obviously it was Bradford’s desire to sell manufactured and semi-manu-factured goods to other countries rather than make available adequate supplies at reasonable prices. Wool was going into store instead of being released for consumption, and tho end of the war would find an accumulation of stocks that, with competition with artificial fibres, would cause complete collapse of prices and disaster to growers.]