WOOL LEVY FOR 1950-51 REDUCED TO ½ PER CENT
(P.A.) WELLINGTON, July 26. A reduction in the levy on the sales of wool for the 1950-51 season from * the present rale of 21 per cent, lo i per cent, was announced by the Minister of Marketing, Mr. K. J. Ilolyoakc, today. The Minister explained that the levy provided funds from which the growers’ half-share of the operating expenses of the Joint Wool Marketing Organisation and the costs of administration of the Wool Board were met. The Minister said the corresponding wool levy in Australia was 7J per cent, and the levy was required to build up capital funds for the proposed postJoint Organisation marketing scheme, Which, as recently announced, the three woolgrowing Dominions had apprvoed. In New Zealand, said the Minister, capital funds for that marketing scheme were already available from Joint Organisation profits and surplus growers’ levy funds.
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Bibliographic details
Gisborne Herald, Volume LXXVII, Issue 23316, 27 July 1950, Page 8
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148WOOL LEVY FOR 1950-51 REDUCED TO ½ PER CENT Gisborne Herald, Volume LXXVII, Issue 23316, 27 July 1950, Page 8
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