RISING COST OF RAW SILK
SHORTAGE THOUGHT LIKELY TO BECOME WORSE (Special to The Times) AUCKLAND, May 15. A forecast that the present high price of raw silk, which has increased 80 per cent, in six months, will continue to rise was given by Mr G. W. Allan, an Auckland silk specialist, who returned from a business trip to Sydney by the Monowai. The increase sc far, he said, was in no way due to the import restrictions, but to a general shortage of raw silk on the world market. War preparations and motor-car equipment had made excessive demands on the world’s supply of raw silk, continued Mr Allan. The demand everywhere was much greater than the amount available and it was increasing rapidly. Like other countries New Zealand could use more silk if she could get it as the people of the Dominion were just as much silkminded as were Australians. The methods of dealing with silk in both countries were almost identical.
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Bibliographic details
Southland Times, Issue 23818, 16 May 1939, Page 6
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164RISING COST OF RAW SILK Southland Times, Issue 23818, 16 May 1939, Page 6
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