RESALE OF WOOL

Evening Post, Volume CXXXII, Issue 70, 19 September 1941, Page 7

RESALE OF WOOL

[QUESTION OF PROFIT

SUBJECT EXERCISING

FARMERS

SCP.A.) AUCKLAND, This Day. j A reply from the Minister, of Marketing (Mr. Barclay) to a query by the Auckland Farmers' •Union as to■! whether any resale of New Zealand tvqol had been made at a profit by the Government, and whether any allowance had been made in the new jwobl prices for an increase in the #xport price index of Britain, was disJaissed at a meeting of the executive .fcf the union. The Minister had stated that certain quantities of wool had been sold %o countries outside the United Kingdom wool control, but while the prices appeared to have shown a margin over Ithe purchase prir~, the New Zealand (Government had no knowledge of the incurred, anc consequently '%£ the net profit oh sales. Dissatisfaction with the Minister's Attitude that if increased prices were ibeihg paid to British wool growers tha,t Jfaas no argument for higher prices for Dominion wool was expressed, and a Resolution was adopted as follows. "To the extent that resales of New Zealand wool to neutral countries show a profit to the Imperial Government, the prices of woo! should be revised in the* terms of the commandeer, which provide that prices shall be subject to te revision upward when the average! prices from Britain show an increase of over 10 percent." j