WOOL CONTRACT

Evening Post, Volume CXXXIV, Issue 41, 17 August 1942, Page 4

WOOL CONTRACT

GROWERS' PROPERTY RIGHT

(0.C.) CHftISTCHURCH, This Day.

Th£ suggestion by the Government that portion Of the 16 per cent, increase in the Itoli Wool price granted by the British Government should be put into a trust fund for the WOol-growing industry td meet ttdst<-war ndeds was comjmented lipdn By the president of the Canterbury SheepownerV Union, fMr. E. May» in his address afthe annual meeting. He «aid it Was surely a drastic departure frbHi established principle should the suggested 'compulsory resumption by the Government of any individual wool growers' money due to him in terms of a contract with a purchaser outeide New Zealand be enforced*

"You are all aware of the suggestions made by th 6 Government as to ths method of payment to growers of the increase in price paid by the British Government in terms .of the wool purchase contract with Australian, South Afrle&n, and New Zealand growers," said Mf. Hay, "You Will no dbUbt be waiting foi* & satisfactory explanation as to why New Zealand growers should receive different terms of paym6nt from those, of growers in South Africa and Australia. "I cannot believe that arbitrary interference in the terms Of a contract With a buyer outside New Zealand could have been seriously suggested, as if persisted in, it would have created a situation under which the Government would have the right to take away the property of any section of the community for any purpoie Without compensation and without the consent of the owner. If this is accepted then it Will mean the end of security in property rights in the future."