Imperial Woel Trade.

Mount Ida Chronicle, Volume XLV, Issue XLV, 2 March 1917, Page 3

Imperial Woel Trade.

London, February 25. At the London School of Economies Mr Hitchcock, of the raw material branch of the War Office, lead a paper on th.e importance of the Imperial wool trade. Since 1914, he said, the War Office had contracted for a supply of woollen goods exceeding in value £100,000,000, besides purchasing the co onisl clips. He predicted that the position would be a great, shortage of wool, with jireat demand and high prices. The world's st>. plies of textiles were being chared out, therefore it would be necessary to reserve all the Empire's raw materials. Mr Massey, who presided, said that the arrangements come to between the Imperial and the New Zealand Governments weh-much better tnan that all the wt ol should find its way into specu lators' hands. He endorsed Mr Hitchcock's opinion that prices would be maintained after the war.