AUSTRALIAN WOOL
A SCHEME FOR STABILISATION, GOVERNMENT AID NECESSARY, (Australian Press Association.) SYDNEY, August 24. Giving evidence be'ore the Wool In-- ; oiuiry Committee, Mr L. Watson, of Gohlbourn, a wool grazier, submitted a scheme for financing and stabilising the wool industry with the Commonwealth Government’s aid. He said that the main features of the scheme were that the growers would receive a guarantee of Xsj. pence per pound. It would be for the Commonwealth to arrange the finance, and wool shipped would bgsSQifkJiy A Board along the linesCoL;t]ie imperial wool purchase schfimfe- s Adiil£&g the war time. He said 1 that Jhirty million pounds would be required to meet the deficiency between the present, over- - seas price and the guarantee price menturned: That liability could be periodically retired by:.the establishment of a sinking fund, to be created from revenue obtained from the prosperous community. He emphasised that very little was now needed to cause a complete collapse of the wool industry.
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Hokitika Guardian, 25 August 1932, Page 4
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161AUSTRALIAN WOOL Hokitika Guardian, 25 August 1932, Page 4
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