THE WOOL PROBLEM

Hawera & Normanby Star, Volume XLI, Issue XLI, 6 May 1921, Page 8

THE WOOL PROBLEM

AUSTRALIA'S SCHEME FURTHER

.EXPLAINED

I BY CABLE—PRESS ASSOCIATION—COPT EIGHT (Received. May 6. 10.10 a.m.) MELBOURNE, May 6. In the House of Representatives. Sir Joseph' Cook introduced a series of resolutions providing for the operation of the wool scheme previously cabled, and prohibiting export for a term not exceeding six months at prices lower than the fixed reserve. Sir Joseph Cook ex- ' plained that the fixed reserve referred j to the average price of the various types into which Austi-alian wool had been classified. Some of the wool would be ! worth 3s er 4s, and other wool might o(nly be worth a penny or twopence-, a ' pound, but in the classification of vari- , ous types the average price must work out at the fixed reserve of eight^enee. Sir Joseph Cook added that he hoped that the resignation of the German Ministry was a prelude to a more reasonable attitude*on her part, for the sooner they 'could make arrangements with Germany to return to her old scale of purchases the better it would be for Australia." The first thing was to bring Germany to her senses, but the moment that had been done and the principle of reparation conceded AustraFa should encourage her and all Central Powers to take wool and other products. After a friendly debate, the resolutions were aTdoDted by 30 votes to 3