WOOL FOR BRITAIN
TERMS APPROVED SALE BY DOMINIONS 9.8 D FOR NEW ZEALAND PERIOD OF AGREEMENT ONE CLIP AFTER WAR (Elcc. Tel. Copyright—United Preps Assn.) (Reed. Oct. 14, 2 p.m.) LONDON, Oct. 13. It is officially announced that an agreement, has been reached among the British, Australian, New Zealand Governments for Britain's _ purchase of wool clips for the duration of the war and one clip thereafter as far as is not required for domestic consumption. The agreed price is 10Jd in sterling for Australian and 9.8 d for New Zealand wool Each Dominion shares equally with Britain in any profit made by resales outside the United Kingdom. Other details are still being discussed. The average price of wool sold in New Zealand sales last '.season was 9.17 d. per lb. A rate of 9.8 din English currency is equal to approximately 12d in New Zealand, and will be an increase of approximately 30 per cent on last season’s average for wool sold in the Dominion.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20068, 14 October 1939, Page 6
Word Count
165WOOL FOR BRITAIN Gisborne Herald, Volume LXVI, Issue 20068, 14 October 1939, Page 6
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