GENERAL CABLES

Grey River Argus, 16 December 1920, Page 3

GENERAL CABLES

AUSTRALIAN WOOL AT HOME.

DESIRE TO BUY BACK CHEAPER. (A; and N.Z. Cable Association.) (Roe. December 10, 9.30 p.m.) LONDON, December 14. Ihc Yorkshire newspapers continue to fiercely critisc the Government wool realisation proposal. The "Yorkshire Post" S ay s "there is an Australian suggestion i 0 have sold back tQ Aus traha two million, bales of wool at ooMiflerabyioiver price, than was paid to them vi order- solely to promote- their own interests. i s au attempt to corucr the wool market. This is regarded a? anythwg but a modest proposal. . The wool traders here hope the future of" our wool and textiles industries win not be jeopardised merely to enable wool growers in Australia to maintain the price of their raw material, on a pref orentml basis, as compared' with values at other sources of production. | Tho Australians have sold -'their vool and must abide by their contract. Other traders-, are sustaining heavy losses because values have Mioved towards a reasonable basis. The wooiof Australia have been paid fa flat rate at which they ar c glad to sell during hostilities and it is oi,ly reasonable that they should now Help to restore confidence in the revival of business by letting their wool find an economic basis."