MARKETING OF WOOL

Sun (Auckland), Volume III, Issue 726, 27 July 1929, Page 9

MARKETING OF WOOL

CENTRAL ORGANISATION PLANNED UNIFORMITY IN SALE Press Association WELLINGTON, Friday. The necessity of a more up-to-date system of offering and selilng New Zealand wool was stressed by Mr. F. S, Bowen (Gisborne) to the New Zealand Farmers’ Union Conference today. He said that he was convinced that in these modern days of combined buying and grouped interests a commodity which was produced by about 24,000 woolgrowers,* the majority of whom were small owners, had little or no protection from slumps, or of maintaining values sufficient to give an adequate return. His suggestions embodied the setting up of a wool realisation board committee, consisting of Messrs. F. S. Bowen, J. Preston, J. D. Re vie, J. F. Neal, R. S. Chadwick and J. H. Joll.

Reporting upon the proposal, the committee of the conference recommended that it would be to the advantage of woolgrowers of New Zealand to establish a wool realisation board, the functions of the board being to collect, sort and offer all wools of uniform quality in as big lots as possible in different centres. In the committee’s opinion the cost of the scheme would be less than at present, owing to the centralisation of sorting. The advantage to the buyer would be a fewer number of lots, and assurance of quality in lots giving greater confidence.

It was eventually decided to set up a committee to act in conjunction with the Sheepowners* Federation with full power to make a thorough investigation into the marketing of wool and to formulate a scheme whereby existing conditions could be remedied.