HUGE WOOL CHEQUE

Hawke's Bay Herald-Tribune, Issue 190, 28 August 1937, Page 16

HUGE WOOL CHEQUE

Record Season for N.Z. and Australia NOT DUE TO BOOM The Tecord wool cheque of £75,896,803 which was received for the Australian and New Zealand clips dur* ing the past season wa)s not due to boom conditions, but to the f act that world consumption overtook supplies, according to Dalgety and Comjiany, Limited. Grouping .the Commonwealth and New Zealand returns'-neutral-isea to , a large extqnt the effect , of the Japaneso, attitude toward . tlie , Australian saies .becaus.e, although the Japanese were absent • from the-;. Australian saies during half tlie Uselling. period.. they purchased extensively in New. Zealand. - Compared with the retum for.-1927-28, the previous record year,: tKere was an increase .-of ,'£2j000/000'f in fh-o-past season 's - cheque. • Compared-'- with1 that for 1930-31, the lowest point- of.'the depression, the increase was £44,700,000. The Commonwealth wool • cheque of £60,552,572 does not' co'nstitute an- Australian record, * but "it ' com.es' within £321^090. of the record .figufes. The net production ",of ; the ' Commonwealth Teached . a .refeord figure of 3,246,276 balfes, compared > ; with 3,127,3.42 bales the previous' season. Th'e eomp9>ri$on in weight, ho^vever, was not quite. a* Tecor.d, the total. ^ "weight of 965, 230, 8831b. falling sljort "of . the 1932-33 iigures by. 18,222,7571b.. ■ The avefage -weight of. the bale wsis; 2971b. ^ of 11b. ' higher; than 193,5:3*6, . .. ; •'. ■' Th'e following table: compares the returns difoin tlie' Commonwealth- and from the 'Coinmpnwe^ith and' New -.Zealand combined fox the past 10 years:—

Englahd was again the best customer, "taking 1,107,062, bales, or/ 3-1, per cjenjv, -of thi, Am/cralian /and . - 'New Zealaiid . wool," compared with- 29 por cent. in 1935-36 and 33 per cent. ift 1934-35. Japanese :p'urchases, owing to tho • f act that ' operations -in. the . Commonwealth : were . suspended _diiring tne first' ha'lf' of* the 'season, fell' from fecontl piace," her- |u'ota . amountiiig - to "4|1,709 bales,. or 12. per ' cent.,. conipaxed; witn 861,083 bales," or 24 per 'cent., in*193536, and 21 per cexlt. in 1934-35. ^ Bel'gium was in sec.ond place; and le'd ' the Cohtinen^al- couniries,with ,14 per cent.,' compared with 12} and -15_per •cent. respectively in the two .previous seasons. Ainerica, with . 11 per vcent., showed'. a ; material increase . over hcr previous season 's - ' purchasfca. } ; Local nianufacturers took ll per c«?nt., compared' with 10 per. 'cent. in 1935-36.

• ' -• -. - . •' . C 'wealth ; = • ; " v C 'wealth. ... and N.Z. Season, ' £000 • £000 Ip97-»>S ' . . . . 60j874 ' , 73,878 . 1926-29" ' 57,122" ; '69,339 1929-30- ' I 33,924- - 39,055 ' 1930-31 *r .... 27,646 - 31,204 ,1931-32 " .'..." 29,643 '33,215 - 1932-3.G - - -35,043 ' 39,371 - .1933-34 - .■.'.".'V52,106/' " '62,617 , 1934-35 38., 526 '/ " 43,013 • 1935.-36 * .... '. 49,619 . 59,7 02 1936r37y .... 60,553 .'75,897