WOOL SUPPLIES
Great Turnover In Sydney Appraisements of wool in Sydney for the season to date total 1,234, <ll bales, an increase of 08,905 bales compared with the quantity sold during the full 12 months of the preceding season. The value of the woo) appraised in Sydney to date at the contract price is approximately £20,990,087. Last season’s total sales realized £15,077,537. Improved values under the scheme and larger production are both responsible for the higher monetary returns. . 'The greatest quantity ever sold in a Sydney season was 1,298,708 bales in 1932-33. This season’s total is certain to exceed that record. Cable reports state that neutral countries are blending artificial fibres with wool in larger quantities of their textiles because they are unable to obtain suhicicnt supplies of the sheep’s staple. 'That development is regrettable from the standpoint of growers, but the British Wool Control has a most difficult task in allocating supplies to neutral nations. Apart from the first essential of providing adequate supplies for British and French needs, grent care must be ex erciscd to see that neutrals do not obtain raw materia! beyond their normal requirements. If tliey choose to make sales to the enemy of the sheep’s staple, or manufacture if. the British Empire cannot be expected t'o replenish their wool stocks. The objects of the Brilish Government’s acquisition of the Australian and New Zealand clips are to provide supplies .or the successful conduct of the war and to prevent consignments reaching enemy hands. Failure to accomplish the latter objective would defeat one of the purposes of the scheme.
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Dominion, Volume 33, Issue 184, 1 May 1940, Page 12
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263WOOL SUPPLIES Dominion, Volume 33, Issue 184, 1 May 1940, Page 12
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