WOOL TRADE.

Hokitika Guardian, 12 June 1924, Page 1

WOOL TRADE.

JIHI ESTATES ADVOCATED. ICBTRALIAN AND N.Z. CARLE ASSOCIATION. LONDON. .Tune 10. Mr John Kinsley. President of the Textile Institution, in opening the Kmpire Textile Conference at the EmI ire Exhibition, announced that the Institute expected .soon to obtain a Royal Charter, which would lift the textile trade.s to the status of a profession, I lie Rrilish Wool pederat ion presented a Infer dealing with the Kmpiie's wool supplies and consumption, wherein it emphasised the decline in wool production in the last fifteen or twenty years, coinciding with a marked increase in consumption, particularly during the hist four years. It appealed to the Umpire's pastoralists to redouble tlleir eflorls to increase the (locks and thus increase the Umpire's resources iu meat and wool. The paler paid a tribute to the recent improvement, in the South Airmail eiip, hugely dim lo the

introduction of Australian blood stock. It v. a.- suggested that in view of tin* economic conditions io Australia, and the breaking up <*! the stations, the Wf ih| must look more and more to South \ 1 1'i'-Jt for an im leased production oi g.' nl s mi.log merinos. In stressing the growth of tho eon•ilti-.n-tion of wool, the pater re'erred to the astoanding fie f that the post-war accittnul.it ions both of R.A.W.n.A. ami booth A.inei i*. .an slums, in .•iiiili’iol? to the seasnr.al ini dueueu. had ttli been absorbed v. iihin three years. He deduced that responsible wool trade opinion did not- accept the view that the lneaking up of tile hig Australian estates would load to tin increase in the Australian lloel.s. pointing out that the ideal < las-ificatiun wa.s heal obtainable from l*ig stations, [t was to he lie] ed lliai allot nut ivc areas" for

large siiiiidi-s. in order io imreas, the -dze of the Kmpiie's iloek. wmih Is- developed iii Australia. N’ew Zenland. Smith Africa and ('amnia, nnilet a propel lv organised ea-iipaigli hack-

ed hv the respective flovernmeuts. Tile paper suggested also that New Zealand might em|iiire whelhcr lands were uni being .-.lnlightered over lanid-

ly for meat. Mr Hairy |>nw-mi wariieil (lie emifcrcme lliat if the Fnijiiie’s | astorali.sts did not provide necessary increased wool supplies, they Were leriain to he I rovided by Asia, and notnhlv by Chinn. The we. I trade at present was well managed i t both ends, but- it

needed heller linaneing. particularly in Australia, where the <lifit- ultios in fin-

ancing the purchase of (he , top at present really amounted io a three and a half per lent, extort tax on Australia’- wild clip. Ii v.a- remarkable that the Commonwealth Dniil.. formed to foster Australian indu-l lie.-. had allied itself with the associated hanks Therefor.’, il could not lum timi as iut, a Ted. Tl’.e ( :iii:i'iniiwi.:ilt!i Hank held t wentv-nine millions tvoiili of Treasury hmnl-. against which Ttr.nsiir.v ii.'lN could he issued. Mr Dawsou said that only to-day he had received cabled intimation that Home and Continental buyers found it almost im|o--ili!e to obtain credits for the fort In Tuning Sydney and Brisbane sales, lie hoped the Commonwealth would i|uiek!y find means of relieving the -itnalimi. which wa- iuevilahly reducing the juices that growers could obtain hy from live to .-even and a li-dr per emit.