THE WOOL INDUSTRY

Stratford Evening Post, Volume XXXXII, Issue 60, 8 May 1924, Page 6

THE WOOL INDUSTRY

AUSTRALIA AM) NEW ZEALAND. A SAFE INVESTMENT, Preaa Association— Copyright. Australian *rs\ N.Z. Cable Association. .„ (Received 10.-35 a.m.) ~, London, May 7. iMr Goldfinch, entertained a dls tiwguished company of over 100 persons, representatives of .Australia :iau New Zealand in ths Yorkshire wool tra.de, to celebrate the successful termination of the imperial Wool Pprchase scheme. Mr Goldfinch, in toasting the woolgrowing Dominions, paid a tribute ■ to Australia's and New Zealand's co-operation when the Empire in war time needed their,., wool. ~ ~pe emphasised that there was no haggling over prices tor the Imperial purchase. . The .Dominion Govern ments' woolgrower s and the people were willing to. do everything for the national good. Looking at the future, he said he desire,; to declare with the utmost deliheritJon the importance of increasing .he sheep population. H: expressed • the. opinion that (.here was to Vjsi ■ iiess in the world in which capital would he invested with greater certainty, of a profitable re'.nrn than in shoep fanning. Such a development, while advantageous to investors and Australia and New 'Zealand, wouul render a great service to Britain which was threatened with a serious wool shortage. .Sir James Allen, responding, outlined the practical recognition which New Zealand sheep-growers hail shown for the .service.-; of the mot's cantile marine by the scheme of setting aside a quarter of a million of their prolit s for the assistance to dependants of mercantile mariners who gave their lives in the war. Ke pointed out that an arrangement had been made to take to New Zealand lifty boys every quarter for training in settlement. Ho was glad to an nonuce that New Zealand's shooo population was now increasing.