WOOL IN DEMAND
' A .’ULRICA N CONSU MUTTON
j (Roe. 10.15 a.m.) LONDON, April 27. ! The prospects for the wool industry I were the subject of an address to the I Royal Society of Arts during file week. 'The speaker, Mr Eoster Duplessis, the ■ representative of South Africa oil the I International Wool Secretariat, sum- ! Tned up by saying that no immediate i crisis is facing the Dominion wool- ! growers, hut South America is precariously placed. The United States is j devoting huge sums to buying up South American surpluses. He predicted a rapidly expanding ; American armament programme and an unprecedented increase in the consumption of clothing wool, which would cause the United States to draw : increasingly upon the Australian wool reserve there. “Whatever America j draws will be replaced in order to j keep the reserve at 250,000,000 i pounds,” he added. “It seems inevitj able that the post-war reconstruction | will include international economic cooperation for the effective control of i the industry.” •
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Bibliographic details
Manawatu Standard, Volume LXI, Issue 125, 28 April 1941, Page 7
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164WOOL IN DEMAND Manawatu Standard, Volume LXI, Issue 125, 28 April 1941, Page 7
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