COMMERCIAL
WOOL APPRAISALS
AUSTRALIAN BUSINESS
The Australian Central Wool Committee reports that appraisements for the season 1940-41 will be completed on or before June 30. which day will mark the close of the second year of the United Kingdom .vool purchase arrangements under which the Government of the United Kingdom purchased, with the exception of wool required for Australian manufacturers tht whole of the wool produced within the Commonwealth and to be produced foi the period of the war and one full wool year thereafter.
The total number of bales appraised for the first year of the arrangement was 3,621.095 bales and indications are that the total for the present season will not be very much below that figure. The number of bales appraised to date for the season 1910-41 is 3.130,829, with an appraised value of £49,934.140, and payments to growers have reached the total of £47,575.251. Commomvealth average urice 12.31 d per lb. Winchcombc, Carson, Ltd., Sydney remark that "an appreciable cqualisa tion payment will be necessai'y J'ulj to bring the averagp up tc the Britist contract price of 13.4375 d per lb. The average for the year ended June 30 1940, was 12.4052 d and equalisation B£d
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Bibliographic details
Evening Post, Volume CXXXI, Issue 125, 29 May 1941, Page 5
Word Count
200COMMERCIAL Evening Post, Volume CXXXI, Issue 125, 29 May 1941, Page 5
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