Draft Allowance of Wool.

Horowhenua Chronicle, 26 March 1910, Page 1

Draft Allowance of Wool.

The London c'oiTospoiiident of & pSyducy papi'i , , after referring to a of buyers which enthusiastically opposed, the abolition of the draft nllou'iince on wool, says:— "At the linisli it was agreed that between now and the March series ciich buyer and each commission, broker should secure from the firms which they represent a written declaration empowering them, in the ease of need, to resist the propose:! new conditions, and this was carried with great .enthusiasm. The general opinion is that this resolution will scotch entirely tiie colon-' iiil proposal to abolish the draft allowance, and that we shall hear no more about it. I have jus.? turned up a copy of a wool sale held in London as far back at 18 4 2i), and find that 'tare and draft , was even then .allowed. In the interests of the whole trade it is 'as well if peace can bo maintained. Growers may think that on the surface they are robbed say, out of half a crown per !>;il«, but I venture to think that in the aggregate they fire not. If "colonial growers aaitl selling brokers attempt its abolishment they will precipitate conditions the like of which no man can conceive, for buyers as a body are certain to refrain from attending all wool sales. Throughout the whole of the trade after the wi;ol goes iu at the mill "doors this principle of allowance obtains in one way or another, and if it is enforced i am certain growers will be the losers. Let ono work out what 1 per cent reduction in the estimated clean yield will amount to per bale. I have measured thousands of pieces of the finished article, and every manufacturer has to give 37iu to the yard, besides allowing mi extra quarter of a yard in every ten : Jm other words, a piece measuring •ViJ yards of ;)7in to the yard is only invoiced as 50 yards; so growers can see that when a cloth is costing, say, ."is a yard, the 'draft' amounts to a considerable sum. T say unbesitntiimlv, preserve peace and let well alone."