WOOL INDUSTRY PLANS
Speedy progress towards full productive activity on the cessation or reduction of hostilities, including resumption of the export trade, is the aim of the wool industry of Great Britain. An interim report of the Wool Industry Reconstruction Committee emphasises the urgent need for prompt renewals and replacements of machinery whicl> had been neglected and overworked during the war. The committee has had in mind the bad effects of a careless policy after the last war, says the Financial News. The industry then found itself competing with new machines supplied by Great Britain to foreign countries and operated in those countries at very low labour costs. The committee was resolved to resist any recurrence of this disadvantage, an has submitted to the Board of Trade not only the industry’s requirements fot repairs and replacements, but also complete figures of new machinery needs, and a sufficiently high priority to Prevent a repetition of the former misfortune is being claimed. Plans for re-equiping[ the industry will involve heavy expenditure.
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Otago Daily Times, Issue 25797, 19 March 1945, Page 6
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169WOOL INDUSTRY PLANS Otago Daily Times, Issue 25797, 19 March 1945, Page 6
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