IMPORTANCE OF WOOL.
"I feel it my duty to again emphasise the commanding importance of the wool industry to the financial structure of Australia, both public and private," said Mr. James Ashton, chairman of the Commercial Banking Co., of Sydney. "Of all our exported commodities, given a fair-sized clip and remunerative prices, Australia's wool clip m terms of pounds, shillings, and pence, means more to us than any other economic factor. During the worldde- :- pression years of 1930-31-32, notwithstanding happenings in the outside world, Australia would have been much less affected than she was but for the fact that wool during those years was selling at the exceptionally lo\v average price of from B£d to Bsd per lb."
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Bibliographic details
Evening Post, Volume CXXVI, Issue 46, 23 August 1938, Page 12
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118IMPORTANCE OF WOOL. Evening Post, Volume CXXVI, Issue 46, 23 August 1938, Page 12
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