U.S. ATTITUDE TOWARD BRITISH WOOL

Wanganui Chronicle, Volume 89, Issue 278, 24 November 1945, Page 5

U.S. ATTITUDE TOWARD BRITISH WOOL

I . IMPORT QUOTAS OPPOSED . Recd. 6 p.m. Washington,’Nov. 21. The Assistant Secretary of State (Mr. Clayton), giving evidence before the Senate wool investigating committee, opposed a suggestion that import quotas should bo placed on British wools. He said the inmost of restrictive import quotas would he contrary to everything the State Department was trying to do to open up the channels of international trade. At present there anneared to he no alternative to subsidies for the American growers to permit their clip to compete with foreign production. He predicted that, with thriving world commerce, th? demands for wool would soon be so large that the producers would no longer need to worry about surplus stock-piles. Mr. Clayton suggested that the United States should continue as a permanent policy to buy all the domestic clin at a guaranteed price assuring the growers a profit, and then allow imports in whatever quantities were demanded by th? manufacturers. Normal American wool production falls about 300,000,0001b5. short of consumption