WOOL REALISATION

Dominion, Volume 14, Issue 192, 10 May 1921, Page 8

WOOL REALISATION

THE “8.A.W.R.A.” SCHEME

BRITISH AND SOUTH AMERICAN WOOL

Some of the details of the wool realisation scheme are to be placed before the Producers’ Standing Committee on Wednesday. The directors of the Bri-tish-Australian Wool Realisation Association are hoping to handle the South African wool as well as the Australian and New Z?ealand wool, and it is stated that, the .period they have in mind is five years, including the present season. That is to say, they would control the solo of the 1920-21 clip and tho four following clips. They will not be able to control the British clip and there have been no indications that the South American growers will come into the scheme. The expectation that British and South American growers will retain a free market is one of tho reasons why th o B.A.W.R.A. scheme requires very careful consideration before it is applied to New Zealand, where the bulk of the clip is coarac wool. The quantity of wool already controlled by Nie B.A.W.R.A. is over 2,500.000 bales. It is understood that if the five season term is adopted, this old wool will be placed on tho market in the proportion of one bale of old w r ool to one bale of new wool. The organisation will sell, the wool on a commission basis on behalf of the producers.