THE WOOL POSITION

Gisborne Times, Volume LXI, Issue 9853, 5 November 1924, Page 2

THE WOOL POSITION

HON. MeLEGD’S WARNING. RECENT HIGH PRICES MAY NOT COX'! IX L'K. SOLDIER SETTLE US' LIABILITY. Some interesting frets and figures eomerning t! 11 ■ posiLicw oi soldier settlers ar.d a sr.r-tr 11 cut regarding the v.nol jros.'tio." we.* e made at the smoke fv.'iic it r-t Carterior. A. anti R. Show liy the A. D. .McLeod. Minister for Lards. Spankhig of t!ie locs likely to lie iaeurre.'l by the Government in the ref: , .!i!ati'n of soldier settlers' farm®, the .Minister M that the Government, while not e/ttudlv civrii.g these men, lnd efTr-c-tod m improvo- ■ nient of VO per cent, it: their position. There* lied lie;;.: eh:7 e.pp!Vfttions for : revel;!cion. ffiSIO, oi* 72 per cent., hed hern dotermir-cM. II dactYiis in i* -p .et of ?*-•-{ •-; amounting to Al. K)8.2(.'2, and if the rev:. I nation hoards continued their policy of writing down;, the total io-s ineurr d would he r-houl £1 900,00') rr £2,COO.OCO, rnncii lets than either the erities oi* liirp.self luid thought pe-sib'e I in 12 n,:mths. | WHAT THEY' OWE. ! The tetri amount owing by soldiers

r/feeteil was £79.** 21. HediK-tions amounting to £53.930 lied been secured. and negotiations hud been eitil>i.ted for the .pttrehn-e of a umber i.f privet.* inert gages at a redm-tinn of about 59 per cent. The eorsidrnition of ih.- I !.i t tersea, Tutnnurmiri end other .settlements in the Wnirarapn had boon held over pending e parson.a! in-p"! tion by the Dan*.it.ion Board. This would he made as soon as the sr.v-ion was over, and the d<-tarn:inn-tior.s f.rrivej at. In order to assist settlers in difficultv owing to their current aae’iiint indebtedness to the (bowio. legislation was, being brought down this r.erMrn to den.l with stork and other securities. WILL WOOL PE ICES HOLD? The AL'ai'der then proceeded to give a word id wan.in;; to primary prociucers to sccira the r r.o-itam cs soon as they (ould. • I am not a p:---irni t, lull: ! i.’neerely Ivdevr* we may r:e : continue lo get the nieces for onr wool that we have heer.* jrotting for tin* ! ist two years, and 1 advi-e you sill to ie.ii 1: * l.r.y while the so;; id'dne- ane. lint your linances light. it should he the earnest endeavor or every prims ry producer to do his best to reduce Ids indebtedness to that little old man who sits on your fence and noises at. you morning, noon and right." (Laughter.) He indicated that the full in prices might net only apply to wool hut meat end dairy produce, and that was why he was e nxieu- to s*e then? put their hoir-es in order. FARMERS IX P.iKLIAMENT, Mr McLeod referred to the criticism of producers that the fanners were not represented in Parliament, and said iiiat of SO members *'u the Howe, if their mbs fizzled cut. 37 would <::.4y have their fauns to go hark to. Seven of eleven executive numbers were in a simile.r position.