U.S. Attitude to British Wool

Manawatu Times, Volume 70, Issue 277, 23 November 1945, Page 5

U.S. Attitude to British Wool

Received Thursday, 10.30 p.m. WASHINGTON, Nov. 21. The Assistant Secretary of State (Mr. Clayton), giving evidence before the Senate wool investigating committee, opposed a suggestion that import quotas should be placed on British wools. He said the impost of restrictive import quotas would be contrary to everything the State Department was trying to do to open up the channels of international trade. At present there appeared to be no alternative to subsidies for the American growers to permit their clip to compete with foreign production. He predicted that, with thriving world commerce, the demands for wool would soon be so large that the producers would no longer need to worry about surplus stock pi|es. Mr. Clayton suggested that the United States should continue as a permanent policy to buy all the domestic clip at a guaranteed price, assuring the growers a .profit, and then allow imports in whatever quantities were demanded by the manufacturers. Normal American wool production falls about 300,000,000 lbs short of consumption.