THE WOOL INDUSTRY.

New Zealand Herald, Volume LXVII, Issue 20561, 12 May 1930, Page 7

THE WOOL INDUSTRY.

OUTLOOK IN AUSTRALIA. - BETTER TIMES AHEAD. Textile manufacturers from every Australian State at n conference which concluded in Sydney recently ixpvessed satisfaction with the increased protection afforded their industry. It was generally agreed Hint manufacturers would regard the increased tariff protection mainly as a means of giving better service to the Australian public. Sympathy was expressed with woolgrowers. who had been passit.g through times of stress, but the opinion was expressed that there would lie a further moderate finning of values, especially for Merino wool, within the next f-.t'W months. After the conference the president, Mr. E. It. Williams (Victoria), said that the restricted purchasing power of the people, together with the avalanche 01. recent imports still unsold, was giving textile manufacturers acute concern. Large pxtensions of plant had been embarked upon before the depression began, and many spindles aid looms were now idle.. It was qcnoralJy jtgreed, howevor,. tlutt mcj't'.iso'l tariff protection would ultimately secure a greater increased output, when tho market was in a position to absorb manufactures. '"The fullest assurance can be given, Mr. Williams said, "that Australia possesess up-to-date wool <nanufaetiiiing , mills, efficiently equipped in all departments. to provide for all the requirements of Australia for many years to come without any importation of woollen goods. The conference carried a resolution congratiiiftlmp the Federal Government on its efforts to right the economic position, and especially on its drastic restriction ot