PRICE SCHEDULE FOR NEW ZEALAND WOOLS

Horowhenua Chronicle, 24 November 1939, Page 7

PRICE SCHEDULE FOR NEW ZEALAND WOOLS

PROBABLY COMPLETED TO-DAY By Telegraph—Press Association WELLINGTON, Nov. 23. A statement that the price schedule for New Zealand wools would be probably completed to-morrow was made by the chairman of the Wool Council (Mr. H. M. Christie) in a broadcast address to-night. Ho said the Woolbuyers’ Association, which was carrying out the appraisal of wool, had done everything possible to prepare the necessary schedules to deal with types and prices. The price schedule could not be completed until the actual average nett rate to be paid to the grower had been fixed. The association had been working continuously on the preparation of this schedule since November 4. “In the meantime the British Government has cabled urging the immediate shipment of wool. To comply with this request an appraisement has had to be made of wool in Auckland on type schedule only,” said Mr. Christie. “This means that the grower at the moment does not know the exact price he will receive, but in effect ho will lose nothing as the rate is to be uniform for similar quantities of wool throughout the Dominion and the price will be known almost immediately. While the nett overall price to the grower will be 12.18875 pence, New Zealand currency, the schedule of prices must be based on the average over a period of years and not on one particular year. The question of quality, which fluctuates according to seasonal conditions, must also be taken into consideration when comparing the prices received.”