WOOL FOR AMERICA.

Evening Post, Volume LXXXI, Issue 103, 3 May 1911, Page 2

WOOL FOR AMERICA.

REDUCTION IN DUTY PROPOSED. (From Our Own Correspondent.) SAN FRANCISCO, 22nd March. New Zealand should have an opportunity for building, up a largo wool trad© with America if tho tariff reductions proposod two days ago by tho Ways and Means t-jpmmitteo of tho now Democratic House of Representatives aro adopted by Congress. There is little douTbt that tho Houso will act favourably, but tho Senate may block the proposal. Tho committee intends to tacks this tariff reduction measure on to the Canadian Reciprocity Bill, W the hope of forcing its passage thus. But this will not prevent the Senato separating the two, and dealing with each as it sees fit. On raw wool the out proposed by tho Domooratio Committee is from 11 and 12 f°' nta Per Ib, to two and four cents per j • on *^ c manufactured articlo tho eduction is in tho samo proportion. Tho agitation against the reduction has already begun. Tho committee received many telegrams from thoso interested in >tno wool industry asking an opportunity to present protests. President Taft had noped to keep the Canadian reciprocity measure unencumbered by any such addition to the revised wool sche3ule, but ho is now reported to be reconciled to tho Democrats' plan. Tho Prosidcnt has frequently condemned tho wqol schedule of tho last tariff as failing to carry out tho Republicans' promise of substantial reductions.