WOOL REALISATION

Dominion, Volume 14, Issue 194, 12 May 1921, Page 6

WOOL REALISATION

THE B.A.W.R.A. SCHEME DECLINED DECISION OF PRODUCERS’ / .COMMITTEE CO-OPERATION WITHOUT CONTROL WOOL SALES TO BE RESUMED The Producers’Standing Committee met in Wellington yesterday, and had before it a report from Mr. A. E. Alabin on the proposal that New Zealand producers should associate themselves with the British-Australian Wool Realisation Association in the disposal of wool. Air. G. L. Marshall was in the chair. The report covered tho discussions that had taken place between Air. Alabin, as representing the New Zealand producers, and the Australian directors of tho association. The chief points in the rennet received from Air. Malnn wore as follow.— (1) The British-Australian Wool Realisation Association holds the following old season’s wool for sale: Bales. B.A.W.R.A. wool 850.000 Imperial Government wool 850.000 Imperial Government N.Z. wool SOO,OOO Imperial Government Smith African and Falkland Island wool’ 206.600 Total 2.700.000 The B.A.W.R.A. proposes to offer this wool for sale bv auction in the pronortion of one halo of old wool for each two bales of the new clin submitted bv auction. The or-isinnl proposal of bale for bale has boon modified. (2) Tho B.A.W.R.A. bos fixed the reserves for this wool at flat rates of 9d. ner pound for greasy merino and sd. for grensv crossbred. Australian wool brokers and wool-"rower.s have agreed not to sell the new clip at prices under these reserves, and the Commnnwenlth Government has Agreed to prohibit export of wool except through channels which unrlortake to respect ibis agreement. Tho asks that New Zealand wool-nrowors ■shall also agree and he bound Lv legislative notion to keen the same reserves for a fixed period of years. 13) The B •' W.R.A. also pronoses that al]' wool of the New Zealand 1920-21 elin not sold al- the end of the season, estimated n<- 200 000 hales, shall lie handed over to the association for sale on commission. . (4) The- Coir mon won! th Prime Minister inlands to ask tho British Government b> hold their accumulated stocks of wool off the market for two years. (5) Three courses arc open to New Zealand wool-growers: tn) To pursue an independent policy in all respects; (h) To co-operate with the B A.W.R.A. in regard to fixation of quantities of wool to be offered for sale and in regard to price limits; (c) To join forces with the B'A.W.R.A. in its endeavour to control the sale prices Of all wool trrown in the Empire except British bv being hound by the fixation of quantities and the price limits diirin<’ the wool season, and by handing over to the B.A.W.R.A. for sale on commission at the end of each season for five years all wool then unsold. ~ Proposals (a) and Bi) would require efriet aereements between bankers and brokers and also legislative .action to be splixfactorv to the B.A.W.R.A. The Committee considered the report at length, and adopted the following resolution:— That after full consideration of Hie nro oosnls submitted bv tho BritishAustralian Wool Realisation Association through Air. Alabin, this commit- ' foe is qf oninion that the interests of the Nev.’ Zealand producers demand the retention of a self-reliant scheme, wlierebv. while co-operating with the association as regards the fixation of minimum reserves and the limitation of offerings, the full control of all matters concerning the handling of Hie wool clip must be vof-ainnd in New Zealand. This resolution means that Hie New Zealand wool-brokers and wool-growers will not hand over the control of New Zeeland wool to the association. They will be prepared, on the other hand, to co-operate with the association in regard to reserves and offerings. The and the method of co-operation will be matters for’ negotiation. Tho .Producers’ Committee further resolved that wool-brokers should he authorised to make arrangements for the resumption of wool sales in New Zealand as soon as was convenient.