"BAWRA" WOOL POLICY

Evening Post, Volume CIII, Issue 13, 17 January 1922, Page 7

"BAWRA" WOOL POLICY

RETROSPECT AND FORECAST.

(UNITED flttSS ASSOCIATION.--COPTRIBBT.)

(AUSTRALIAN - NEW ZHAIAND CABlg ASSOCIATION.)

(Received January 17, 10.30 a.m.)

LONDON, 16th January. "Bawra;" or the British-Australian Wool Realisation Association, has issued a voluminous report on its operations since its inception. The directors state that the tendency of woolbuyers has generally been to condemn "Bawra" for selling wool too slowly, but any greater pressure to sell "Bawra" wool would have excited violent opposition and resentment in Australia and New Zealand, and directors do not regret the consideration which, within permissible limits, they have steadily endeavoured to show to the legitimate interests of the woolgrowers of the British Empire. The directors estimate "Bawra's" merinos available for sale in London will be disposed of by the end of July, 1922. It will be possible to supply merinos'for the Antewerp and Hull sales until September and October. The last remnants of merinos will be offered in December, thus the whole of the old stock will be sold by the end of the year.

"Bawra's" stock of crossbreds at the end of 1921 was 1,386,946 bales. There is np intention to sell these within any period arbitrarily fixed beforehand. The directors will feel- reasonable satisfaction if they are able to dispose of half a million bales in 1922, but certain favourable indications allow the hope that they may possibly dispose of 400,000 without interfering with the upward movement in prices. "Bawra" will contentedly carry into 1922 the remainder of'its crossbreds, feeling quite confident that by 1922 (? 1923) or early in 1924 the surplus will be readily absorbed. The position of crossbred wool will be completely rectified and then cease to require any artificial support.