SURPLUS WOOL

Nelson Evening Mail, Volume 80, 31 August 1945, Page 2

SURPLUS WOOL

DISPOSAL PLAN

JOINT ORGANISATION PROPOSED LONG-TERM MARKETING SYSTEM (From Our Parliamentary Reporter) Wellington, This Day, The report of the conference held in London in April and May to discuss matters arising out of the accumulation of wool purchased by the United Kingdom from the Dominions under wartime arrangements and the disposal of stocks concurrently with future clips of Dominion wool was tabled in the House of Representatives last night. The conference was attended by offici. Is and experts from the United Kingdom, Australia, New Zealand and South Africa.. A report was also submitted by the New Zealand delegation, which was led by the Director of the Export Division, Marketing Department, Mr G. A. Duncan.

The report of the conference stated that the surplus stock was equal to two years' consumption, and on reasonably optimistic assumptions the complete disposal of the stock and current clips in conjunction may be expected to take 12 or 13 years. The holding of a stock of this size was a serious burden and its existence was a cloud hanging over the market. The conference, the report of which was unanimous, recommended the formation by the four Governments of a joint organisation which should take charge of the marketing of the old wool and support the marketing of current clips throughout th e period of disposal of stocks.