£300,000 CHEQUE

Gisborne Herald, Volume LXVIII, Issue 20471, 4 February 1941, Page 6

£300,000 CHEQUE

JANUARY APPRAISAL

GISBORNE-COAST WOOL

BIGGEST OF SEASON

AVERAGE £1 7 10/- A BALE

As a result o£ the January wool appraisement, the biggest of the present season to date and the largest since the war appraisements commenced, £300,145 7s 4cl has been allocated for distribution in the Gisborne and East Coast districts.

In all, 17,166 bales were disposed of at the three centres, and the average price realised per bale was £l7 10s, or, on a 3501 b, bale, just on 12d per lb. The cheques, covering all but the retention money, were distributed today.

For the season to date almost £750,000 has been allocated for distribution in the Gisborne and East Coast districts from wool appraisements. Last season’s total was' £850,000 on 50,000 bales of wool. So far this season 41,000 bales have been appraised, and it seems likely that this season's clip should exceed that of the 1939-40 period, Centre Realisations The following table shows the payments made at each of the appraisements of the season to date: —

By 'this time last year less than 25,000 bales had been appraised, the total payments to that date being £430,000.

Auckland has distributed £1,182,292, compared with £1,357,000 over the corresponding period last year.

Crutchings, August: £ Bales Gisborne . 27,905 2311 October 24: Gisboi;ne . 41,022 2347 Tokomaru Bay . 12,030 630 Tolaga Bay . 4,357 254 Totals . 57,409 3231 November 21: Gisborne . 98,732 5678 Tokomaru Bay . 24,051 1330 Tolaga Bay . 16,905 965 Totals . 139,688 7973 December 9: Gisborne . 174,490 9910 Tokomaru Bay . 25,493 1325 Tolaga Bay . 23,003 1282 Totals . 222,436 12,517 January 15: Gisborne . 245,964 14,226 Tokomaru Bay . 33,769 1,823 Tolaga Bay . . . 20,412 1,117 Totals . 300,145 17,166 Grand Totals . 747,583 40,982