WOOL DISPOSAL SCHEME

New Zealand Herald, Volume LVII, Issue 17650, 10 December 1920, Page 7

WOOL DISPOSAL SCHEME

CRITICISM IN YORKSHIRE. GROWERS' BID FOR CONTROL. Australian and N.Z. Cable Association. (Reed. 11.30 p.in.) LONDON, Dec. S. Commenting on the Australian wool growers' proposal to establish a Wool Realisation Association, the Yoi* shire Post states that the scheme is obviously intended to place power in the hands of the Australian wool growers to dictate the value of merinos to the rest of the world, but £25,000,000 will not be nearly sufficient to accomplish the object, even if the Wool Department of the British Government is disposed to relinquish the control they now exercise over 2.000,000 bales, The average price of Australian wool is now £35 a bale, but the wool growers' proposal appears to he that the 2,000.000 bales should be resold to their Wool Realisation Association at £12 10s a bale, therefore the suggestion is not a serious business proposition. %

THE SCHEME ENDORSED.

SUBMITTED TO LONDON.

A. and N.Z.

MELBOURNE, Dec. 9.

The inter-State conference of woolgrowers, brokers, and fellmongers adopted the main features of the Wool Realisation Association scheme without amendment. The conference subsequently waited on Mr. W. M. Hughes, and induced him to cable the Imperial authorities asking them to agree, and also to appoint the Australian association so'e agents for the sale of Britain's half of the carry-over wool.