WOOL-SELLING SYSTEM
ABOLITION-OF DRAFT ALLOWANCE bill Introduced in house (From Our Parliamentary Reporter) WELLINGTON, Oct. 20. The abolition of the draft allowance in favour of purchasers of wool is provided for in the Sale of Wool Bill, which was introduced in the House of Representatives by Gover-nor-General’s Message to-day. A preamble to the Bill states that similar action is being taken by the various States of Australia. The New Zealand legislation is to come into force on a date to be specified by proclamation, and the actual effective clause in the Bill is as follows: “Any provision, express or implied, in any contract sale of wool entered into after the commencement of this Act, prbviding for any deduction as or in the nature of a draft allowance from the weight of wool under contract, shall be void and of no effect.” . After a brief- discussion, in which it was stated that South Africa was also adopting the new procedure and during which members on both sides of the House expressed approval of the measure, the Bui was read a first time. , , . It was made clear that the legislation would apply only to sales in New Zealand.
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Otago Daily Times, Issue 23328, 21 October 1937, Page 5
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196WOOL-SELLING SYSTEM Otago Daily Times, Issue 23328, 21 October 1937, Page 5
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