WOOL SUBSTITUTES
BUSINESS MAN SEES DANGER. TRADE AGREEMENTS NEEDED. By Telegraph—Press Assn'.—Copyright. Sydney, Dec. 2U. Mr. K. M. Niall, presiding at the meeting of shareholders of Goldsbrough Mort and Co., Ltd., said the statements that Australia need not fear substitutes for wool were to be deprecated. “Granted,” he said, “that to-day these substitutes are far from ideal, there is nothing to say that within a very short period science will not produce something containing the main virtues of wool as an article of clothing. The German Government is financially interested in these substitute-producing factories, and if Germany refrains from competing in the Australian market the effect on the value of our finer wools can ba readily imagined. Immediate action should be taken in an endeavour to arrive at some mutually satisfactory trade agreement.” Mr. Niall added that the wool market was down approximately 33 per cent, in the values ruling at this time last year, and it did not seem likely that any material enhancement in values could be expected
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Taranaki Daily News, 22 December 1934, Page 15 (Supplement)
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170WOOL SUBSTITUTES Taranaki Daily News, 22 December 1934, Page 15 (Supplement)
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