WOOL TRADE PLANS
MISGIVING EXPRESSED EXPORT SURPLUSES (Elec. Tel. Copyright—United Press Assn.) (Reed. Dec. 18, 9 a.m.) LONDON, Dec. IG. There are at present grave misgivings concerning the Government’s inadequate attention to the problem of wool exports. The arrangements for the purchase of the South African clip are welcomed, tout trade circles continue to stress the urgent need for reasonable prices for export markets in order to avoid the danger of the accumulation of large surpluses. The available New Zealand and Australian exports probably will represent an increase of from 50 to 80 per cent on 1914. The normal British and French consumption, even providing for war time requirements, amounts to only 56 per cent of the New Zealand and Australian production. The consequent huge exportable surplus would materially increase if anything interfered with the French textile trade, the centre of which is situated close to the Belgian frontier.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20123, 18 December 1939, Page 4
Word Count
149WOOL TRADE PLANS Gisborne Herald, Volume LXVI, Issue 20123, 18 December 1939, Page 4
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