THE WOOL PROFITS STORY
ATTEMPT TO MODIFY AN AGREEMENT.
LONDON, 9th June.
A well-informed London authority on Australian affairs states that, while he is prepared to discredit the opinion that disagreement arose concerning the indemnity, the immediate cause of the disagreement between Mr. Watt and Mr. Hughes related to the wool profits. Mr. Watt brought to England a complete scheme, sanctioned by the Commonwealth Cabinet, for the collection and allocation of the wool profits. In connection with the Commonwealth's, financial obligations in London, Mr. Watt carried through successful negotiations with the Imperial Government, and informed Mr. Hughes, who thereupon proposed modifications. Ms:. Watt refused to reopen the negotiations. Mr. Hughes replied that Cabinet insisted. Mr. Watt .then cabled that, having apparently forfeited the confidence of his colleagues, he felt compelled to resign.
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Evening Post, Volume XCIX, Issue 138, 11 June 1920, Page 7
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132THE WOOL PROFITS STORY Evening Post, Volume XCIX, Issue 138, 11 June 1920, Page 7
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