PRICE INCREASE
WOOLLEN GOODS RISE OF 15 PER CENT MATERIAL COSTS MORE An increase of 15 per cent, in the price to factories and shops of the output of all New Zealand woollen mills came into effect yesterday. It is stated that this increase has been approved by the Price Tribunal a f ter representations by the mills of substantial advances in the cost of the New Zealand clip. Since last season, it is stated, wool prices to the mills have increased by well over 30 per cent. Under the Government’s scheme of appraisal the farmer received an average price of 12’,d per lb. over a wide range of grades and the cost to mills has gone up very considerably, especially for some of the finer quality wools. It is also explained that in the finished factory article the increase will be on the woollen material used in the manufacture, and not on the i labour cost.
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Bibliographic details
Waikato Times, Volume 126, Issue 21034, 9 February 1940, Page 4
Word Count
157PRICE INCREASE Waikato Times, Volume 126, Issue 21034, 9 February 1940, Page 4
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