WOOL PRODUCTION.

Poverty Bay Herald, Volume L, Issue 16425, 8 May 1924, Page 3

WOOL PRODUCTION.

INCREASE OF FLOCKS URGED. TRIBUTE TO DOMINIONS' WAR SPIRIT. (Elec. Tel. Copyright—United Press Assn. Australian huD N.Z Cab'e AssuciAMon . (Received Mnv 8. 10.35 a.m i LONDON, May 3. Sir Arthur Goldfinch entertained a distinguished company of over one bundled persons, representatives oi /\ istralia and New /.ealr.nd in the Yorkshire wool trade, to celebrate Ihe successful terminating of the Imperial wool purchase scheme. Sir A. Goldfinch, toasting the woolgrowing Domini()ns. paid a rfibute to Australia's and New Zealand's co-opera Hon when the Krnpire in war-time needed their wool. He emphasised that there was no haggling over prices for Imperial purchase. The Dominion Governments, wool grower?, and people were willing to do everything for the national good.

Looking at the f.iture. be said he de sired to declare with the utmost deliberation tie. importance of increasi'iiu the world's sheep population, H<> ex pressed the opinion that there was no business in the world in which capital could be invested with greater certainty of profitable return than in shoepf a ruling, Such a development, whilst advantaging investors and Australia and New Zealand, would render great service to Britain, which was Ihreatcikd \vit)i a scrio-.is wool short-age. Sir James Allen. responding, outlined the practical recognition which the New Zealand sheep growers hid shown lor the services of the mercantile marine by a scheme of setting aside a quarter of their profits for assistance to dependants of mercantile mariners who gave their lives in the war. He pointed out thai arrangements had been made lo take to New Zealand fifty boys every quarter for training in settlement. He was glad to announce that New Zealand's sheep-population was now increasing.