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Timaru Herald, Volume CXLIII, Issue 20680, 19 March 1937, Page 2

Unbounded confidence in the future of the wool industry was expressed by Mr H. Dawson, head of a well-known Yorkshire firm, in the course of an address recently on the supremacy of wool . There were two important factors which should always be considered when reviewing the wool position, he said. The first was that wool was one of the vital necessities of existence, no other fibre yet having been found that would minister satisfactorily to the warmth, comfort and health of the community. The other, which was particularly helpful to British interests, was that about 50 per cent, of the wool production of the world was the asset of the British Empire. This gave a decided preference to our industries, to our bankers, and to British shipping companies. Another advantage was that the finest and most valuable merino qualities in the world were found in Australia and South Africa, while in crossbreds New Zealand produced the most lustrous and most serviceable wool with freedom from burrs.