SHILLING A POUND

Feilding Star, Volume 10, Issue 3930, 13 January 1933, Page 8

SHILLING A POUND

OFFER TO BUY WOOL FARMERS’ UNION SCEPTICAL MORE INFORMATION SOUGHT There were exclamations of surprise at a meeting of the North Canterbury executive of the Farmers’ Union when a circular letter was received from the Co-operative Union of New Zealand, whwrh has its headquarters in Hastings, offering to purchase this season’s clip of wool at an average price of u a pound. “I don's believe it !” exclaimed Mr D. Hall, when the letter was read -’ ‘‘There must be a catch somewhere,” said the chairman, Mr Colin Mclntosh. He suggested that further inquiries be made. The secretary said that the objects of. the Co-operative Union were “to provide every man with constant work and constant pay.” The letter stated that Mr Mas°n Chambers, of Havelock Noth. Hawke’s Bay, had given a lead and had sold his clip for this season to the union at an average price of not less than is a pound. Payment would be made when delivery was accepted. Any wool growers in the Canterbury district could obtain the is a pound if they wished to do so. A woollen mill and a preserving factory were contemplated, and it had been decided to start building as soon as the Government gave an undertaking to exempt these industries from all taxation for five years. Mr Mclntosh said the scheme was “too vague to swallow whole.” There might be something in it, but it. seemed unbelievable. A member: Surely it would be better for this Co-operative Union to buy wool at the salesIt wag decided not to take any action until further information regarding the scheme was obtained .