THE WOOL POSITION.
IMMEDIATE SALE IMPOSSIBLE. By Telegraph—Press Assn.—Copyright. LONDON, Deo, 7. A report of the Ministry of Munitions says that the value of the Ministry’s Australian and New Zealand wool at cost price is approximately £60,000,000, comprising 2,500,000 bales, of which about half is in England or in transit. In the present extremely difficult position of the wool trade, forced realisation of this £60,000,000 worth would be impracticable, and would ruin the entire woollen trade in this country if attempted, quite apart from the fact the Australia and New Zealand are interested 'in the profits realised from the sale of Government wool. Thus a complete liquidation of colonial wool •cannot be effected for some time to come. —Aus.-N.Z. Cable Assn.
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https://paperspast.natlib.govt.nz/newspapers/TH19201209.2.67
Bibliographic details
Taranaki Herald, Volume LXVIII, Issue 16913, 9 December 1920, Page 6
Word Count
121THE WOOL POSITION. Taranaki Herald, Volume LXVIII, Issue 16913, 9 December 1920, Page 6
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