WOOLLEN GOODS
MILL PRICES RAISED
PERMISSION OF TRIBUNAL
(By Telegraph—Press Association.)
AUCKLAND, February 8.
An increase of 15 per cent, in the price to. factories and shops of the output of all the New Zealand woollen mills came into effect yesterday. It was stated that this increase had been approved by the Price Investigation Tribunal after representation by the mills of substantial advances in the cost of the New Zealand clip since last season.
Wool prices to the mills had increased by well over 30 per cent, under the Government's scheme of appraisal, it was stated. The farmer received an average price of 12£ d a lb over a wide range of grades and the cost to the mills had gone uo very considerably, especially for some of the finer quality wools.
It was also explained that in the finished factory article, the increase would be on the woollen material used in manufacture. It would not be based on labour cost.
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Bibliographic details
Evening Post, Volume CXXIX, Issue 34, 9 February 1940, Page 9
Word Count
161WOOLLEN GOODS Evening Post, Volume CXXIX, Issue 34, 9 February 1940, Page 9
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