WOOL PURCHASES

Marlborough Express, Volume LIV, Issue 165, 15 July 1920, Page 5

WOOL PURCHASES

QUESTIONS BY MR. McCALLUM

[feom our correspomdent.]

WELLINGTON, July 14. A series of questions by Mr R. McCallum regarding purchases of New Zealand wol for local consumption resulted ill the Prime Minister's replying that the New Zealand woollen companies had been allowed to purchase the wool they required for local manufacture or sale- on the following terms:—(a) For such quantity of wool as was equal to the average' quantity treated at the "works during .the previous two years, the purchase price to be the appraised, price, plus the cost of valuations; (b) for any increased quantity the purchase price to bo the appraised price, plus the cost of valuations and plu? half tho difference 'between the appraised prica and tbt? London sale val^s. " ; . , At return will be furnished showing the exportation of,. woollen; goods fipih New during the past two years. ...... : . The contract for tho purchase of the New Zealand wool' clip includes all wool clipped up to June 30th, 1920. ..".I*