MARKET FOR WOOL

Evening Post, Volume CXIV, Issue 50, 27 August 1932, Page 13

MARKET FOR WOOL

AUSTRALIA'S INQUIRY

OPENING IN THE EAST

United Tress Association—By Electric Tele-

graph—Copyright.

(Received 27th August, noon.)

SYDNEY, This Day. Giving evidence before the Wool Committee, John Oswald Forsyth, merchant, said that if tho Federal Government made- arrangements to trade with Russia on a limited credit system such as that operating in Great Britain it would benefit Australia to thtf extent of five million a year. Mr. Forsyth gave evidence in regard to markets for wool in China, Manchnria, and Russia, his knowledge of which, was gained by personal experience in these countries over a period of fourteen years. Russia was a woolgrowing country, he said, out had a population of 160,000,000, which was increasing at the rate of 21 per cent, annually. She would never bo in a position to supply her requirements in fine wool as grown in Australia.

The International calila news appearlne In this Issue Is published by arrangement with the Australian Press Association and the "Sun," "Herald," Kows Office, Limited.