BAWRA WOOL STOCKS.

New Zealand Herald, Volume LVIII, Issue 17782, 16 May 1921, Page 6

BAWRA WOOL STOCKS.

QUESTION OF DISPOSAL. — --— ■ FARMERS' SUGGESTION. \ STORE FOR TWO YEARS. [»T TELEGRAPH. COKBESrO»?DEXT.] % MASEERTON, Saturday. Speaking at a meeting of the general committee of the Masterton A. and P. Association to-day on the question of the marketing of the Dominion's •wool, Mr. W. Perry said he was a member of the Producers' Committee -which, at Wellington recently, had arrived at a- decision regarding Bawra wool. Since then the Premier of Australia, Mr. W. M, Hughes,, had stated that while in England he would do his best to persuade the Imprial Government to keep in store for two years the" New Zealand and Australian wool which had been commandeered. The Producers' Committee did not know of Mr. Hughes' intention at the time, or they would have considered it before making their decision. In the circumstances Mr. Perry said that he was, of opinion that the farmers of New Zealand should ask Mr. Massey to support Mr. Hughes. It was the intention of Mr. Massey to endeavour to secure one year's .profit on New Zealand wool sold by the Imperial authorities. The Imperial Government was holding abdmV seven and a-half million pounds profit on wool. Farmers had to remember, however, that there was still a very largo quantity of wool to be, disposed of, and -that portion of this, money, would be utilised for the purpose of covering any loss there might be made on that wool. New,Zealan3 farmers would be given an opportunity of disposing of the son's wool if the Bawra wool were kept off the market for two years. The United State? was putting a fence around itself in the shape of an Emergency Tariff Bill, aud it would serve the United States right if it -had to wait and pay higher prices for the wool it required. Mr. Perry expressed the hope that in two years the woollen mills would be working under normal conditions, thus absorbing the World's output of wool, as was formerly the case.

He moved that, the Government be requested to cable to Mr. Massey urging him to back up Mr. Hughes in his efforts to persuade the British Government to agree to, have all Bawra wool held off the market for a period of, say, two years. Mr. David Smith, in seconding the motion, said that it appeared as if Mr. Hughes wag doing his best to help New Zealand fanners as well as the Australians, Mr. Massey should certainly give all support possible to Mr. Hughes in connection with Jthe matter. The motion was carried. "*—-"■"'