THE WOOL CLIP

Dominion, Volume 10, Issue 3146, 26 July 1917, Page 6

THE WOOL CLIP

IMPERIAL GOVERNMENT BUYING AGAIN AT THE SAME PRICE . The Prime ■■ Minister informed tho House of -Representatives yesterday "that he had received a communication ficm the Imperial -authorities' to the effect that they would-buy the next season's wool clip. The" price "proposed was (ho same'as that paid last year. On the subject of price the communication contained the following remarks:— "In considering what should be a fair • price for next clip, it is important to bear in mind that shipping facilities will "become increasingly inadequate to lift 'the clips, .nnd,. in any'case, a considerable quantity of wool will almost certainly remain .-in; -Australasia until after the ■war. -_'.:... "Iu Yiew,".oT",tfie<. increased probability that wool will not be shipped, the lui- \ perinl Government considers that the , price of tho clip should not exceed the price paid last year, but is prepared to pay for the whole' clip on tho level of 1916-17 prices, undertaking all risks of shipping, and paying for wool as ;lcsi year, whether ships ai'e available cr not. • nnd'continuing last year's arrangement whereby any profit made from wool sold for other than military purposes is j divided equally between the Imperial Government and tho colonial Governments, after administrative and ether expenses have been met." Mr. Witty: It's 'a''"pity you didn't make, the same arrangements about mutton. . Mr. Massey: Mutton, T think, is on rather a different footing. ,' ——. ' ,-—. t\