EXPORT OF WOOL.
TRADE WITH AMERICA.
effect of new regulation.
[BY TELEGRAPH.— PRESS ASSOCIATION.] CmuSTcmniciT, Tuesday. A deputation of business men to-day suggested to the Prime Minister the possibility of removing the embargo on the export of wool to America, if such wool was to be used for the benefit of the Americans only. It was pointed out that there was a danger of New Zealand losing the American market altogether, and the ugh prices were good at present there was aj opinion abroad that these prices would not remain good for long, and New Zealand might then suffer severely. Mr. Massey said that there was a possibility of the embargo being taken off fine wools and sheepskins, but at, present he did not think it could be removed from other clasfies of wool. They did not wish to run any risk of benefiting the enemy, and one© wool got into outside hands it would be impossible to be sure what was done with it ultimately, declarations notwithstanding. Ho. did'not think that they would see a drop in wool prices for a long time yet, as the British demand was too keen. Later on, the matter might be recoi.sidered.
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Bibliographic details
New Zealand Herald, Volume LI, Issue 15769, 18 November 1914, Page 9
Word Count
199EXPORT OF WOOL. New Zealand Herald, Volume LI, Issue 15769, 18 November 1914, Page 9
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