Wartime Wool Profit. Under certain conditions it is estimated that New Zealand's •share of the . Joint Organisation's profits on the disposal of wartime wool stocks will be 8,000,000. The electoral committee of the New Zealand Wool Board was told this •by Mr. G. A. Duhcan, chairman of the New Zealand Wool Disposal Commission. "Assuming the .sale of the balance of the New Zealand stock wool on hand at June 30 last— 413,000 bales — at not less than £20 per bale, and assuming there is no further buying-in of wool and that these remaining stocks can be sold not later than the end of the 1950-51 season, the Government's half share qf the final profit from the Joint Organisation is estimated at £8,000,000, Mr. Duncan said.
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Chronicle (Levin), 15 September 1949, Page 5
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125Page 5 Advertisements Column 2 Chronicle (Levin), 15 September 1949, Page 5
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