EMPIRE WOOL-MARKETING PLAN MOOTED TO REPLACE J.O.

Wanganui Chronicle, 14 April 1949, Page 6

EMPIRE WOOL-MARKETING PLAN MOOTED TO REPLACE J.O.

N.Z., Australia, South Africa And Britain As Partners

WELLINGTON, Last Night marketing organisation on an Ei tween the wool-growing interest: South Africa and the inanufaeti Britain, was envisaged today by man of the New Zealand Wool Bo; Mr. Horrobin said that if sa made, sueh an organisation word ganisation. This had been set u surpluses of wool without disturl Very good progress had been made in the disposal of those surpluses and the future of the present Joint Organisation was due for review next year.

Woolgrowers in New Zealand, Mr. Horrobin said, had for some time been discussing the possibility of setting up some organisation to carry on when J.O. finished. They wanted an organisation to carry on which would protect them, as the J.O. did at present, by deciding upon floor prices at the beginning of each season, and. if necessary, buying in wool at those prices, thereby preventing any violent fluctuations in wool values. The wool so bought would be stored and later fed back into the market for sale as conditions permitted. South African growers had exactly the same objective, said Mr. Horrobin, and they had it on the authority of Mr. J. H. Moolman, chairman of the South African Wool Board, who had recently visited New Zealand, that the South African woolgrowing industry would solidly support such an organisation. They all knew that for the scheme to be a success the co-opera-tion of Australia would be needed, as Australia was the world s greatest wool producer. It, therefore, was most encouraging to the New Zealand Wool Board to learn from Australia

(PA). —The formation of a wool-inipii-e basis, as a partnership bes of New Zealand. Australia and uring and consuming interests of ' Mr W. Horrobin. depufy-ehair->ard. itisfactory arrangements could be l«l take the place of the Joint. Grip in 194.) to dispose of wartime bing the market for new clips. today that the influential Woolgrowers- Council was to consider such a scheme. Mr Horrobin said the Woolgrowers’ Council had set up a special committee two years ago to examine this proposal, and it was now about to make its recommendations. Briefly they were that the council should ask the Commonwealth Government for necessary action to establish an organisation embracing Australia, New Zealand and South Africa with powers necessary to implement a system of organised wool marketing embodying the principle of a reserved price. It was desired that the United Kingdom should be included in the partnership. A four years’ trial of this was suggested and a report on its operations to be given in the fifth year. “Much detailed work yet remains to be done before the proposed organisation comes into being,” said Mr. Horrobin, “but we are confident that the same inter-Dominion co-operation that has made possible the International Wool Secretariat will be shown by all concerned in this case, and that we shall ultimately. devise plans by which wool, the most valuable expor; commodity of both Australia and New Zealand, will be protected from any disastrous price recession.”