BUYING OF WOOL

Waikato Times, Volume 125, Issue 20988, 15 December 1939, Page 2

BUYING OF WOOL

CONDITIONS LAID DOWN

APPRAISEMENT VALUES MORTGAGE PROVISIONS (By TPlefrrapn.—Press Association) WELLINGTON, Thursday Conditions governing the preparation and sale of wool by the New Zealand Government for resale to the United Kingdom and other purchasers are prescribed in regulations published in the Gazette issued this evening. A wool advisory committee is to be appointed for the purpose of advising the Minister of Marketing. The personnel of this committee comprises the Controller of Primary Industries, Mr A. IT. Cockayne (chairman), Mi A. Smith, woolbuyer, of Christchurch. Sir Alexander Roberts, merchant, Wellington, the director of the export division of the Marketing Department. Mr G. A. Duncan, and Mr H. M. Christie, chairman of the New Zealand Wool Council.

Wool must be properly packed in accordance with the requirements of the Marketing Department, and brokers are authorised to repack and interiot wool if necessary and to charge the cost of this additional preparation to the owner. Charges from the time of delivery at the store door will be borne by the Government, except in the case of Tokomaru Bay, Tolaga Bay, Nelson, Blenheim and Oamaru, which are not regular appraisement points. The additional cost of appraisement at those places will be charged against the owner. Provision for Appeal There is provision for appeal against an appraisement, the appeal fee being fixed at 2s 6d a bale, with a minimum fee of £2. In addition a broker may charge an owner reasonable costs for preparing wool for reappraisement. The decision of the deputy-controlling appraiser or of the controlling appraiser shall be final. Appraisement will be made in accordance with the following scale of

In appraisement of wool under the regulations values will be assigned to wool in accordance with the scale of values, but subject to variations on account of the yield, handle, tenderness, manner of skirting, amount of seed-content and all other factors affecting the appearance or condition of the wool. The Government will pay for wool on the prompt date, which is 14 days alter the date of appraisement. The basis of payment will be 95 per cent., or such other proportion as the Minister of Marketing may direct, of the appraisement value, payable immediately on the prompt date. The balance of the price will be paid when it has been ascertained what amount is available between the price already paid to the farmer and the amount received by the department from the United Kingdom or other purchaser. Purchase money will be paid to the Government brokers on account of the owners and distribution will be made by brokers in the normal way. Growers are entitled to deliver their wool to the brokers with whom they normally deal. Mortgaging of Wool Exemptions from the wool emergency regulations, which prohibit the sale or mortgaging of wool or sheepskins, except with the consent of the Minister, are prescribed in other regulations in the Gazette. The exemptions are as follows: Purchase of wool by the holder of a wool dealer’s licence issued by the Controller of Primary Industries; the sale of sheepskins to the holder of a sheepskin dealer’s licence issued by the Controller of Primary Industries; mortgaging oT wool to secure an advance made by a bank, stock and station agent, or person holding a license from the Controller of Primary Industries if the mortgaging is solely for the purpose of securing an advance made or to be made in the ordinary course of business to the owner of the wool.

DEALING IN WOOL LIAISON OFFICER APPOINTED (By Telegraph.—Press Association) WELLINGTON, Thursday The appointment of a wool liaison officer, whose duties will be to keep close contact with woolbrokers, wool-buyers, scourers and freezing companies, in connection with the purchase of the Dominion wool clip by the New Zealand Government, on behalf of Britain, is provided for in the primary industry emergency regulations amendment No. 1 notified in the Gazette. DATES OF APPRAISEMENT NORTH ISLAND CENTRES AUCKLAND ON JANUARY 22 Tentative dates for the next wool appraisements in Auckland have been fixed for January 22 and February 26. Dates for appraisement in other North Island centres for 1940 will be as follows:—Wellington, January 3, February 7; Napier, January 10, February 14; Gisborne and Tokomaru and Tolaga Bays, January 17, February 21; Wanganui, January 27, March 2. Further appraisements will be arranged during the middle of February.

values. Super to Average to Average Inferior d d d d Merino .... 17 to 13* 131 to 3$ Hal Hired .... 13 to 131 Hi to 11; Fine crossbred 13* to 13± 13 to 10* Med. xbred . 14* to 11* 11 to 10 Coarse xbred . 10 j to 11 1 u A to 91