Wool for China
An Australian company was formed last year with the object of buying info woollen mills in China, the intention being to thereby have a voice in their policy and to so encourage the consumption of Australian wool.
The company has now decided to abandon that policy but to raise a capital of £30,000 and act as wool merchants. The new title of the company will be the China Wool Trading Company, Ltd.
The surest and most permanent way of increasing prices was by widening the demand, stated the chairman. The best way of widening demand was by opening up new markets. In the case of wool this was doubly essential, for it was only too evident that the use ot substitutes was restricting the market in Europe. Australia produced barely one pound of clean wool for each resident of China. A report prepared for the company showed that China was now controlled by a stable Government, and wanted Australian wool.
The general scheme, concluded the chairman, was to get the Chinese acquainted with Australian wools. It was hoped to open lip an avenue to displace the padded cotton garments with wool.
We congratulate the Australians upon their enterprise and sincerely wish them every success.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MT19350727.2.103.9
Bibliographic details
Manawatu Times, Volume 60, Issue 175, 27 July 1935, Page 12
Word Count
207Wool for China Manawatu Times, Volume 60, Issue 175, 27 July 1935, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.