WOOL INDUSTRY

Poverty Bay Herald, Volume LX, Issue 18162, 9 August 1933, Page 7

WOOL INDUSTRY

“HEARTENING SIGNS” GRAZIERS’ PRESIDENT’S VIEWS BRISBANE, August 3. “The relief by the recent rains, together with the increase m the price of wool at the June sales, is the brightest and most heartening occurrence in the industry for some years, and should go a long way towards relieving the gloom which for so long has been overshadowing those who depend upon wool-growing for their livelihood, said the president, Mr. William Kent, at the forty-third annual meeting of the council of the United Graziers’ Association of Queensland. Mr. Kent counselled caution. It had yet to be shown that the improvement would be sustained in future, as wool prices were entirely dependent upon world conditions. Concerning the question of a minimum price for wool, he expressed the opinion that anything that’ was likely to create an accumulation of carry-over wool would bo disastrous to the industry. Mr. Kent agreed with the proposal that the Federal Government, for the purpose of developing the Northern Territory, should allow concessions to a company which would undertake this development. At the same time, lie said, the first consideration of Governments should be directed and applied to those already more or less settled parts of Northern Australia, which required all the relief and assistance possible to enable cattle men and others in those areas to keep going and remain on the land.