ON COLLAPSE BORDER

Northern Advocate, 12 August 1932, Page 6

ON COLLAPSE BORDER

AUSTRALIAN WOOL,

INDUSTRY NEEDS HELP.

UR OF NT CALL TO GOVERNMENT,

(Received 10.30 a.m.) SYDNEY, This Day.

‘A grave national warning” to the 'Government and people of Australia was issued by the Graziers' Association of 'New South Wales, which, in a .letter to, .Mr J. A. Lyons and Air B. S. Stevens, declares that the greatest primary industry of the State is already disintegrating, and borders on a state of iinancial collapse.

Its recovery may still be possible, the association states, but only “by bold, drastic and swift action by our national leaders —action which must be complete before the wool export season opens on August 29.

The Federal Cabinet, at a meeting, decided upon the appointment of an extra committee to carry out a full investigation of the wool 1 industry in Australia, with a view to determining what steps arc necessary to bring about rehabilitation of the industry. Air Lyons, in making the announcement, said the committee in all probability would comprise seven members. The personnel was not yet completed.

The decision of the Cabinet followed, an interview which Air Lyons had with Sir Graham Waddell, president of the Wool Growers Council in Sydney, in the course of which Sir Graham pointed out the urgent necessity lor assistance being provided in order to place the wool industry on a basis which would be profitable to the grower - . ; *; ■