WOOL DISPOSAL

Dominion, Volume 14, Issue 162, 5 April 1921, Page 4

WOOL DISPOSAL

GIVING EFFECT TO PRODUCERS’

’ DECISIONS

ACTIVE MEASURES IN PROGRESS

The representatives of the Government and’of the producers are losing no time in giving effect to the decisions of tho Producers’ Conference, held in Wellington last week, with regard to wool. Negotiations are being opened with the British Government, the British-Australian Wool Realisation Association and the British Wool Importers’ Association on the lines suggested by the conference, that is, to provide for the limitation of offerings of New Zealand wool To correspond with the monthly consumptive demand. This means in effect that New Zealand is to fall into line with the operations of tho B.A.W.R.A. The conference suggested i that a fully accredited representative should 'be sent to Melbourne at. once to confer with the Australian directors nf the association, and it is likely that thia representative will leave Now Zealand within the next few days., The fixing of minimum reserves will be undertaken after the negotiations with B.A.W.R.A. have produced an effective arrangement. The Government was eske by the conference to prohibit in the meantime private sales as well «>s auction sales of wool in New Zealand. _ The Government has power to prohibit private sales, but it may not think actioir neecssary in view <if the condition of the wool market. The suspension of ruction sales has already been arranged by ilte wool-brokers.