MARKETS FOR WOOL
MERCHANT’S OPINION. DEMAND IN RUSSIA. BENEFIT TO AUSTRALIA. (United Press Association—By Electric Telegraph.—Copyright.) Received August 27, 10.20 a.m. SYDNEY, Aug. 27. Giving evidence before the Wool Committee, Mr John Oswald Forsyth, a merchant, said that, if the Federal Government made some arrangement to trade with Russia on a limited credit system, such as that operating in Great Britain, it would benefit Australia to the 'exent of £5,000,000 a year. Mr Forsyth gave evidence with regard to markets for wool in China, Manchuria and Russia. Ho said that his knowledge was 1 gained by personal experience in the three countries over a period of 14 years. Russia was a wool growing country, but had a population of 160,000,000, which was increasing at the rate of 2\ per cent, annually. She would never be in a position to supply her requirements in fine wool suen as was grown in Australia.
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Bibliographic details
Manawatu Standard, Volume LII, Issue 229, 27 August 1932, Page 7
Word Count
151MARKETS FOR WOOL Manawatu Standard, Volume LII, Issue 229, 27 August 1932, Page 7
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