CHARGES ON WOOL IN LONDON
A correspondent signing himself " A Wool grower getting a return," writes to the editor of the " Argus" : —
"Sir, — In the report of tho Melbourne Chamber of Commerce I see they have concluded to agree to the merchant's commission of two and a half per cent. It has always Btruck me this is tho highest charge wool is subject to in London, considering the work done, and that the merchants themselves coneider it high ; and that a lower rate would pay, and that they are willing to do it for less, is fully proved by the fact that many woolgrowers and shippers get a return of one per cent in their accounts current, thus virtually reducing the comtnisskm to one and a half per cent.
I believe any shipper not helpless in the hands of his agent can get the return ; at least, several that I have known try have got tho allowance ; but I suppose it would be too much to expect our chamber to disapprove of the charge, as I suppose this sale commission is, to some extent, divided between the merchants here and London.
P.S.— A stand should bo made against the lib draft of 1001 b; it is such an unequal charge.
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Bibliographic details
Wellington Independent, Volume XXVI, Issue 3192, 10 May 1871, Page 2
Word Count
210
CHARGES ON WOOL IN LONDON
Wellington Independent, Volume XXVI, Issue 3192, 10 May 1871, Page 2
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