FALSE IMPRESSION OF WOOL VALUES
(P.A.) WELLINGTON, June 15. Published statements about wool prices had created a false impression that sheepfarmers were much better off than other farmers, said Mr. H. M. Christie, acting chairman of the New Zealand Wool Disposal Commission, in a statement last night. The present comparative average prices for wool, butter and meat showed little change from the relative averages for the years 1934-39. said Mr. Christie. Commenting on statements about the possible stabilisation of wool values, Mr. Christie said the existing wool disposal scheme, although it had not achieved in full the results hoped for, had undoubtedly been the means of avoiding a violent fluctuation in prices. It was still too early to estimate what sum might be available for distribution in New Zealand from the sales of wool from the .Joint Organisation stocks. The sales had been good so far but the situation could change and make it necessary to buy in wool. The Joint Organiastion plan was to be reviewed in 1950. There was a strong body of opinion in New Zealand in favour of some plan for the continuation of orderly marketing.
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Bibliographic details
Gisborne Herald, Volume LXXV, Issue 22664, 15 June 1948, Page 4
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190FALSE IMPRESSION OF WOOL VALUES Gisborne Herald, Volume LXXV, Issue 22664, 15 June 1948, Page 4
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