"HANDSOME RETURNS"

Evening Post, Volume CXXIV, Issue 59, 7 September 1937, Page 14

"HANDSOME RETURNS"

AUSTRALIA'S CLIP

"During the past two seasons the wool clip of Australia has contributed over £120,000,000 to Commonwealth revenue, or nearly twice the amount received in the two lowest depression years," said Mr. Harold Bell, chairman of Winchcombe, Carson, Ltd., at the annual meeting of that company, held in Sydney. "Indications point to further handsome returns for this season's clip,' Mr. Bell' continued; ' "I am not perturbed that i Australia will not find customers for the increased quantities of wool she will probably grow in the years ahead. Of late we have sold less wool to some of our previously largest customers. But, just as Australia's boundaries in world political developments have extended during the past seventeen years, her wool trading frontiers are also expanding. Before the war, less than a*: countries bought our clip. As a result of the world-wide increase in woollen textile manufacturing, wool was exported from the Commonwealth to no less than 36 countries during the past season. A few years ago, Mexico was unknown as a consumer of Australian wool, but she bought 2400 bales in, the past twelve months. "Substitute fibres have not so far vanquished wool. They may have kept its price in check, but on the evidence to date they have helped rather than hindered its consumption-except in the case of Germany; and Italy, where imports ■' are restricted ; for monetary reasons;" "concluded' Mr. Bell in his remarks on' wool. : '