CLOSER COOPERATION NEEDED WITH AMERICA

Chronicle (Levin), 15 April 1947, Page 7

CLOSER COOPERATION NEEDED WITH AMERICA

Press Assn.-

Bv TclcarciDh

-CovvricjJit

(Spccial Gorrcspondent.) Keceived Mondav, 7 p.m. LOXDOXv April 14. i As the result. of a proposal by Ameri•an representatives at a rccent mecting if Ihe wool studv group, a subo: unittoc is to prepare a report on the .d- isability of wool being- the subjeet if an iiiteru'itional commodity agree nent. Whatev-er decision is reached, it s fcll in London that there must, in 'uturc, be closcr cooperation iietween "nited Kingdom-Dominion Wool Dis •osaL I.iniited (or the Joint Orgauisa ;iou) and the American authorities. !t was pointed out at the wool study grou]) meeting that though approxi mately lml f the original wool stocks lakcn ovcr by the Joint Organisatiau had now been sold, much of it remains in thc form of private stocks through uit the world. Stocks h-eld by govern ncnts and thc trade, it was stated. were -ti 1 1 considerable and the disposal of those lield by the Joint Organisatiou iiresented a fonnidable problem. The Hnited Sfates government also '-olds a considerable quantity ot" American grown wool estimated at •oore tinui ono'year's production. At the same time, the American, in recent years, has beeome one of the foremost •isers of Doniinion wool and has verv hirgelv taken the plaee occupied by Jennany and Japan. Despite a higli luriff of 34 c-ents per pound, which is •iracticallv 100 per cent. on the price if Doniinion wools, American manufacturers still find it cheaper and of ''etrer qualitv thau the American towh wool which cannot be sold at a u-ice lower, than the landed cost of the riominion product. Present indications •re that there may be some cha-nge iu he American administration 's price lolicy which could liave an important 'field on the future use of both bunestic a'"'1. D'lminion wooD in T'nited Stafes. Thc Dominions naturally are keen to retain their market in America and it is no secret that wool will figure irominentiy iu tariff discussi-ons at Geneva. _