£60,000,000 CLIP

Gisborne Herald, Volume LXVIII, Issue 20635, 15 August 1941, Page 3

£60,000,000 CLIP

AUSTRALIAN OUTLOOK New season's woo] appraisments have opened in Sydney. Wincheombe, Carson and Company, Sydney, ir: commenting on the opening, state tha t Australia has every prospect of securing for the third successive 12 months a return of £60,000,000 for the wool clip. “The effects of the monetary result arc not confined to growers." this authority remarks. “It is invaluable in assisting the nation in its war effort and preserving stability in the economic structure of • the Commonwealth. Memories of the depression years only need to be recalled to realise the results of low prices for wool and other primary products on the nation’s spending power. At that time the money received, from the clip was cnly about one-half the present figure and the whole nation, primary and manufacturing industries alike, severely suffered, “In the depression periods the wool sol'd was averaging approximately 3Ad per lb, compared with 13.4373 d today. The increase in revenue is caused by the higher price combined willi the greater production of the sheep's si a pie. "Years aeo it was ronsideml a flight of imagination to stale that Australia would in time grow a clip of 4.000,000 bales. It now looks a definite possibility, the total having reached the 3.600.000 bales murk. Twenty years ago the Commonwealth pastured 82,000.000 sheep and the number is now about 30 per coni higher. For the past 14 years the totals have been over 100,000,000, that fact giving a fair indication that the larger numbers can be maintained with reasonable consistency.”