Request For Postponement

Chronicle (Levin), 7 January 1947, Page 8

Request For Postponement

- -Press A & ^nrd.n.+A.rhi

BUYiteS agreE

Bv Telearatoh

, WELLINGTON, 4ah. 6. . Although. the .woolbuyers decicLed to proeeed AA'ith the Welliiigton wool sale today oh the basis oi an ekfehsion of the protn'pt payment dat'e, rhey kfeve requckted the post'poheiheht of the stflOs at Aticklatid on-daiiuary 10, at -Wahgknui oh January 14 and at Napier, oh ,i aiittary 20. , , This whs ahnounced late last night in a statement by the Wool Brokerk ' Association and ihe Wool Dis'posal Commissioh, .Avhicli stated -that. an extehsion of the seilihg s'eason aa-ould be necessary and a revieW of the rbster of saies accordingLv "The woolbuyers had a meeting in Napier on Leceni ber IS about sliippiitg delays and represe'uted their difricultigs lo tlie Government," says tlie conibined statement. "Binee that date the position in rogard to the shipnient Of .\Ool had deteriorated " further" aud little, if any, November purchases lutd yet been shipped. At. further fneetihgs in Wellington over tlie 'jveekehd- tHe buye rs decided that, wh'ile "they AV'fere prejiar'ed to proce'e'd with tlie VV&Hifigton wool sale today (Monday) otLtlle basis of ali extension of the prompt paymeiit date, the siiuation iiecessitated postponement of the saies at Auckland on January .10, Watigtinni on Jaiiuary 14, and Napier on Jhnu'arV 20, ili Order to clear some of tlie acchinnlations of wool already bought -a't the NoV'eniberDecemlier saies. This decisfoh Avas eonvpyed to the Wohlbrokers'' Association and the Wool Disposal Coinmissioii. Representatives of. llvese bodies' urged Ihe bliyors to proeeed AA'ith the Jhnuaiw saies as already arranged on the understanding that Ihe position would then be reviewed. Tlie Btiyers' Association, ■ after further eonsideration, intimated that the si'tufttion regarding dolayed shipnient of wool already bought Avas so serious that they had no alternative but to require the pbslponement of tlie January saies at Auckland, Wanganui and Napier. 4 4 Tlie Brokers ' Association and the Wool Disposal ''Commission, while rocognising- the difficulties of ihe buyers, regfetted that they had not agreod 'to the suggestions made to them for the holding of the January Saies Aviih revieAv of the si tuai ion after tlie Napier sale on January 20. The position now is t ha l an extension of the solling se.asoh Avill be. ne'cessary and a review of the roster of saies, accordingly." '