THE WOOL CLIP

Evening Star, Issue 16514, 28 August 1917, Page 2

THE WOOL CLIP

*& REQUISITIONED BY GOVERNMENT. 55 PER CENT. ADDITIONAL ON PRE-WAR PRICES. A ' Gazette Extraordinary' was issued on Saturday requisitioning the next ensuing season's wool clip in New Zealand for the purposes of the present war. It is provided that all owners of wool shall, as soon as practicable, deliver their wool at the wool store of a Government woolbroker at one of the following ports, namely:—Auckland, Tokomnrn Bay, Gis borne," Napier, Waitara, Wanganui, Wellington, Nelson, Blenheim, Christchureh, Timaru, Oamaru. Dunedin, and Invercargill. The wool so delivered will be examined, classified, and valued before shipment by two expert valuers, one of whom will be appointed by tho Government, and the other of whom will be employed by the Government woolbroker in whose possession the wool is held. If the two valuers are unable to agree as to the classification and valuation of any wool, it will bo examined, classified, and valued by a supervising valuer to be appointed b"y tho Government. If the owner of the wool is dissatisfied with the value assigned by the supervising valuer he may, at any time within 48 hours after the date of valuation, give to the Government a written notice of appeal from that valuation, and such appeal shall, on payment by the appellant of such fee as the Government shall fix, be determined by an umpire appointed by the Government. The decision of sacn umpire shall be final. All such wool will be classified and valued in accordance with "the average returns for New Zealand wool sold during the season 1913-14, which shall be taken as representing the average prices of the various classes of wool as sold by auction in New Zealand in the month of January, 1914. The Government will pay far all wool so valued a sum equal to the value so placed upon it, ivith the addition of 55 per cent, thereof.