MR MASSEY.

Timaru Herald, Volume XCVIII, Issue 170580, 11 August 1921, Page 7

MR MASSEY.

WOOL PROSPECTS

RESULTS Off INQUIRIES

By Electric Telegraph —Copyright. Australian and N.Z. Cable Association,

Received 5.5 p.m., August 10. The Australian Press interviewed Mr M assev, who said: “Tho impression 1 received after meeting the principal leaders of the Bradford wool trade, who discussed tho position with mo publicly and privately with complete i rankness, was that there is every reason to believe that the low prices cannot last long after the Continental markets are rc-opcncd. Germany is already developing a considerable demand for New Zealand wools. Poland and Russia arc suffering unprecedented shortage of clothing, and must ultimately bo reelotiied, unless they are allowed to perisli through the cold of tlie approaching winter. Furthermore, the world's present output of (wool is not equal to pro-war supplies. There is also a. common shortage, which must create a demand for wool. “Tho present ;trouble regarding New Zealand wool arises from the accumulation of tlie British Government stocks, equal to one season’s clip. In tho present state of British finances there is always the possibility of wool being marketed with a view to cutting tho loss. Bradford stocks aro low, and I. understand that wool speculators are already beginning to operate in anticipation of a rise. “Reports from Argentino indicate that cattle aro beginning to supplant sheep, because the latter are unprofitable. All those, influences are co-operat-ing in favour of New Zealand wool prospects iwhcn tho present slump has passed over.”

CONFERENCE IMPRESSIONS. Received 9.35 p.m., August 10. LONDAN, August 10. Mr Massey, reviewing tho Conference, said: Several misunderstandings wore removed. The representatives learned much of each other, and of tho different viewpoints of tho several countries within tho Empire. At tho commencement there seemed ‘to ho an idea amongst a small section of tho people in the Dominions that tho United Kingdom representatives intended to interfere in some unexplained way with tho autonomy of tlio younger nations, but there was not a scintilla of truth in this.

“The• Anglo-Japanese Treaty-’ was thrashed out. .1 think I am justified in saying that the weight of opinion was that the peace of the world would most likely be secured by a continuance of the present arrangement, unless a tripartite arrangement can he agreed upon by Britain, America and Japan. Ho bad no hesitation in saying that something in that way would bo tlie best thing that could possibly happen. Ho trusted that what the Conferenco did regarding the most important question' of tho Empire communication's would bo followed by tangible results. Airships, should be exploited,- cables cheapened, and wireless developed, There was also a need for faster shipping services, with lower freigts. Mr Massey inspects a plant and will witness a demonstration of smelting New Zealand Ironsand at Darlington. If satisfactory, it is probable works will j be established in New Zealand. Mr Massey states that Sir James Allen will probably represent New Zealand a.t the League of Nations meeting. Received 11.31 p.m., August 10. LONDON, August 10. Commenting on the Empire Conference, Mr Massey says much work was naturally confidential and cannot b,o disclosed. Tlie representatives learned much from each other, and eaw more clearly tho tremendous possibilities of the Empire as a whole. They realised the corresponding responsibility of thoso entrusted with the. management and ■ control of its different Iparts, so that they may bo able to work together as ono great Power for the good of the citizens aiid all peoples of the world. He believed the Conference would tend to hasten tho restoration of normal conditions to British countries. If tho Washington conference could bring about tripartite arrangement, between. Britain, America and Japan much progress would bo made towards the millennium.