WOOL QUESTION
[United Press Association—Bv Electric Telegraph—Copyright.]
LONDON, Sept, 29
! Mr Maloney conferred with Devereaux who toured, (the Continent ‘including France, Belgium, and Germany, and found nothing to lend him to believe that stocks of. wool were likely to be a factor in depressing prices. Malonev says recent reports of sales from Australia do not appear in • anywise satisfactory. The present ..system of rationing the market is on trial. ; The question naturally, -arose rn to whether the: world wanted Australian wool. . If so it was clear that Australia could not continue to sell at prices below the cost of production. He was watching the whole position very closely.
Maloney conferred with Josiah Crosby who expressed the opinion that Australia’s trade with Dutch East Indies was , capable of considerable expansion. He undertook on his return to do nil he ,could in this direction. He urged that the present position justified the presence of an Australian trade representative in Java.
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Hokitika Guardian, 1 October 1930, Page 7
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158WOOL QUESTION Hokitika Guardian, 1 October 1930, Page 7
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