WOOL SITUATION

Hawke's Bay Tribune, Volume XXIII, Issue 7, 19 December 1932, Page 11

WOOL SITUATION

UNITED ACTION ONLY HOPE.

WOOL BOUNTY OF LITTLE AVAIL

lb an interview with the “Tribune” on Saturday morning, covering the widely discussed subject of wool prices at the present time, Mr P. Jessop returned to the attack by saying there must be greater understanding between those producing and those handling wool. He reiterated his remarks at the time of the Napier wool sale on December 5: Not another bale should be offered for sale under present conditions.

When asked whether he considered the present agitation to cancel wool sales should be withheld till Cabinet made a decision, Mr Jessep answered: “No, nor is it desirable in the present circumstances that the Government should have to pay a bounty on woo), since it would be of little service either to the farmer or the country as a whole. Payment of a bounty on wool at its present price would simply mean the taking of money from the pockets of the people—with the exception of the farmers —and giving it to the woollen manufacturers and traders. Unless a substantial rise in quotations is effected a bounty would be of little use to the producer.

He contended further that to secure a successful conclusion of their movement to secure better returns for wool, farmers should solicit the aid of the Government, since it was only through united action they could hope to improve the wool structure. In addition, they should arrive at a more definite -nderstanding with the intermediaries In the wool industry. “Our position appears hopeless, but we still have control, although it may

not be for long. Very soon others will have our places. If we can only realise it we are on the box seat, and while we hold this position not another bale should be offered for sale; at any rate, not at to-day’s ruling prices.”