NEW ZEALAND WOOL.

Hawera & Normanby Star, Volume LXXVII, Issue LXXVII, 3 August 1918, Page 8

NEW ZEALAND WOOL.

SURPLUS PROFITS QUESTION.

FRESH IMPERIAL PROPOSALS DISCUSSED.

I (BY TELEGRAPH —TOESS ASSOCIATION.) . WELLINGTON, Aug. 3. Hon. D. H. Guthrie, Minister in charge of Imperial Supplies, .met the Wool Committee and considered the suggestions r.oceived from the Imperial p.uthoritic-s, through Mi- Massey, as to the basis of calculation of profits that jMfiy accrue from next season's sale of .New Zealand wool in England. i The proposal is that half profits should lio calculated as for Australia and New Zealand combined, and di-: vision of the total made on a pro rata "basis. The effect of this .should be that more profits will come to New Zealand, l-t.-caxi.se. at present. New Zealand wool being mostly crossbred. if> almost entirely used for army work, whereas Australian wool generally being from anerino, goes to manufacturers. Tho conference finally decided that in the absence of definite information re-.

yarding the arrangements made with Australia and other wool exporting countries of the Empire, the matter he loft in the Premier's hands to be dealt with in such manner as to best conserve Iho interests of New Zealand rrodueers.