THE WOOL INDUSTRY

Otago Daily Times, Issue 18320, 10 August 1921, Page 5

THE WOOL INDUSTRY

GOVERNMENT CONTROL. MR MASSEY FAVOURS REMOVAL. Pi«m Association—By Telegraph—Copyright. LONDON, August 8. (Received Aug. 9, at 5.5 p.m.) Mr Massey spent the week-end at Bradlord as the guest of Mr Francis Willey, the wool magnate, whose son, Lieutenantcolonel Willey, was Wool Controller in the war time. To-day Mr Massey visited the Exchange and several of the largest mills, including tho Saltairo Mill, where he saw New Zealand wool worked from the raw article to finished cloth. He was amused to discover while motoring to a civic reception in Mr Willey’s motor car that the rug therein was manufactured at Mosgiel. At a subsequent reception by the Chamoer of Commerce, Mr Whitehead the chairman, said that the visit would do much to further the friendship and understanding between Bradford and New Zealand.

Mr Dawson (president of, the Wool federation) said that closer co-operation Between Australasia and Bradford was essential, their interests being dentical. The federation was firmly convinced that they would regain their former prosperity if freed from the trammels of control and made subject only to the laws of supply and demand. Ho believed they had skill and enterprise, which, with free scope would prove enough to enable them co regain their position. Mr Massey said he was confident of the ability of the trade to overcome the present slump. He would be disappointed if wool prices did not increase considerably during the next half-year. Everv paatoralist in New Zealand in 1920 showed a loss. The accumulations of wool in England must be seriously faced and dealt with. He agreed that the sooner the trade was relieved from Government control in any shape the better it would be ior the progress of the industry.—A. and N.Z. Gable.