WOOL PROFITS.

Star (Christchurch), Issue 17221, 12 December 1923, Page 7

WOOL PROFITS.

4. DISPOSAL COMMITTEE’S REPORT. ay Telwiph—Prem A/wk-jatiou—Oopyrlrht Sydney "Sun” Cable. (Received December 12, 12.5 p.m.) LONDON. December 11. *1 he> Disposal Commission’ report regarding the control of the colonial wool crop in war time anticipate that by May, 1924, the whole stock will lie sold. The report says: “ While the scheme WBs conspicuous lor a minimum of fric tion in its working and financial suc-

cess. when finally completed it is estimated that the net profit, after repaying the capital borrowed from the Treasury, with th» interest accumulated and the rebates, to reduce to the actual cost invoiced the price of wool used for militarv purposes, and all overhead charges, would be all £64.000.000. of which £33.000.000 have gone under the profit-sharing arrangements to the dominions and £31.000,(>0 have been mostly paid to the British Exchequer.”