NEW ZEALAND ENTERPRISE.

New Zealand Herald, Volume LVII, Issue 17491, 8 June 1920, Page 6

NEW ZEALAND ENTERPRISE.

(Published by .' rransemeut).

During the past few years many people have complained of the great difference in the price of the New Zealand-grown wool when it leaves our shores, and the cost of the woollen goods when they are brought bad to tie Dominion in manufactured form. Everyone has realised thfi anomaly of getting people at tho other end of the world to manufacture our tweeds and shawls and othe? articles from the woo! which is grown in New Zealand. Why should not the whole process of manufacture be carried out in this country, thus providing labour for many workpeople, and woollen goods of the lowest possible prices for the public? In the past the chiaf difficulty in tha way of local industry haa been the comparatively low cost of wages and production in Britain and other European countries. Oversea competition Das been a serious menace to New Zealand productions. Now, however, the cost of manufacturing in all places from which wo draw our imports has largely and permanently increased. Recent figures show that, on the average, the price of British exports at the point of shipment has increased by 170 per cent., as compared i with pre-war days. Shipping transport, I too, has greatly increased in cost. -All these factors provide a very hopeful outlook for manufacturing enterprise in New Zealand, especially the conversion of our own raw products into manufactured ar- . tides. '

"Therefore a sign of real progress is the incorporation of the Wanganui Woollen Mills, Limited, which is being formed to .camr on the manufacture of »woolleti poods. The three existing woollen-manu-facturing companies are in a flourishing condition, but their resources are inadeimate to supply the need? of the Dominion. In all matters relating to situation and facilities, Wanganui is a splendid site for the industry proposed. Full partial lars ar>3 given in the complete prospectus, •which, together -with the application form, may be obtained from the local brokers. Messrs. Colbeck and Griffiths, _ Queen Street, Auckland, or from the interim secretary, Mr. E. M. Silk, F.I.A.N.Z-, Wanganui.