MONOPOLY AT WOOL SALES

Timaru Herald, Volume CXLVI, Issue 21244, 14 January 1939, Page 15

MONOPOLY AT WOOL SALES

GERMAN ACTIVITIES IN SOUTH AFRICA BRITISH INTERESTS INVOLVED United Press Association—By Electric Telegraph—Copyright (Received January 13, 7.35 p.m.) LONDON. January 13. The Cape Town correspondent of “The Times" says: “Germany’s almost monopolistic control of the wool sales is perturbing British, Continental and local buyers. “Durban reports of a barter agreement under which Germany takes £4,000,000 worth of wool in 1939. This has enabled the Germans to close down or Jeopardise four English South African woolbuying firms; to displace dismissed South Africans with Germans, and to discriminate against British shippng. German buyers do not compete with one another at wool sales, and buys against non-Germans and distributes his purchases among his compatriots. Five German buying houses have been established in Durban in two years." REBATES SUGGESTED DECISION OF WOOL FEDERATION United Press Association—By Electric Telegraph—Copyright LONDON, January 12. The Wool Federation has agreed that the Woolcombers’ Association should introduce rebates, reducing combing charges, which it is believed, will stimulate trade.