WOOL INDUSTRY.

Gisborne Times, Volume LX, Issue 9800, 9 May 1924, Page 2

WOOL INDUSTRY.

EXPERT’S TRIBUTE TO N.Z WAR-TIME WORK.

WORLD’S SHEEP POPULATION MUST BE INCREASED.

LONDON, May 8. Sir Arthur Gold (inch entertained a distinguished company of over one hundred persons, representatives of Australia and.' New Zealand in the Yorkshire wool trade, to celebrate the successful terminating of the Imperial wool purchase scheme.

Sir A. Goldfinch, toasting the woolgrowing Dominions, paid a tribute to Australia’s and New Zealand’s cooperation when the Empire in war time needed their wool. He emphasised that there was no haggling over prices for Imperial purchase. The Dominion Governments, woolgrowers, and people wero willing to do everything for tiie national good. Looking at the future, he said ho desired to declare with the utmost deliberation the importance of increasing tiie world’s sheep population. He expressed the opinion that there was no business in the world in which capital could ho invested with greater certainty of profitable red urn than in sheepfarming. Such a development whilst advantag’ng investors and Australia and New Zealand would render great service to Britain, winch was threatened with a serious wool shortage. Sir James Allen* responding, outlined the practical recognition which tho New Zealand sheepgrowers had shown for the sendees of tho mercantile marine by a scheme of setting aside a quarter of their profits for assistance to dependents of mercantile mariners who gave their lives in tho war. He pointed out that arrangements had been made 5 to take to New Zealand fifty hoys every quarter for training in settlement. He was glad to announce that New Zealand’s sheep population was now increasing. —A.'and N.Z.O.A.