WOOL FREIGHTS

Dominion, Volume 10, Issue 2890, 30 September 1916, Page 9

WOOL FREIGHTS

AN INCREASE ANNOUNCED TO OPERATE FROM MONDAY \ New wool freights to come into force on October 1 were announced yesterday by the New Zealand shipping companies. The ficw freights, which are a considerable advance on the previous rates, are still lower than the Australian rates, and are as under: — Greasy wools 2Jd. Scoured wool. 2|d. The Australian rates are: Greasy, 2ifd.; and scoured, 3}d. An increase has also been made in the rates for general cargo. STATEMENT BY A SHIPPING MANACER. EXTIU. TO LOAD TVUUTJ. . By Telegr.uib—l'n.>s 1 Ass:v::is lien. Chrlstchurch, September 29. Mr. A. W. Bennett, general manager of the New Zealand Shipping Company, gave some information today regarding, the increase of freights that will come into force on Monday next. "The advance of chief importance," he said, "is that in the wool freights, and the following table shows clearly what the advance is:— . Old rate. New rate. Greasy wool lid. 2Jd. Scoured wool ...... ljd. 2Jd. "In Australia the wool rates liavij been raised to Slid, for greasy and to 3-Jd. for scoured, with a 33 1-3-increaseon all rates for general cargo. The New Zealand rate for greasy and scoured wools, is jjd. less than the Australian rate, and the increase of rates for New Zealand general cargo is considerably less than tho.iucl'ease made in Australia. We are not making fixed, all-round increases on general cargo, but each line has been considered separately. , "Wo have fixed five extra steamers for loading wool exclusively at New Zealand ports, these being the Copenhagen (December), St. Andrew, Century, and Southwaite (January), and the Gogovale (February); but we have reason to believe that the St. Andrew has, since her fixture, been requisitioned by the Imperial Government. Our London office is endeavouring to fix two moro steamers for wool. The rates which wo have to pay this season for tinio hire, of such steamers are more than double what we paid last season, and the price of coals, which have to bo supplied by the charterer, has increased in all parts of the world." In answer to a question, Mr. Bennett said that so far no increases ill freight had been made for dairy produce, and, of course, tho freights for meat were purely the concern of the Imperial Government.