NEW ZEALAND ENTERPRISE

New Zealand Times, Volume XLVI, Issue 10608, 5 June 1920, Page 4

NEW ZEALAND ENTERPRISE

During tho past few years many people have complained of tho great difference in the price of tlio New Zealand-grown wool whet it leaves our, shores, and tho cost of the woollen goods when they ate brought back to tho Dominion in manufactured form. Everyone has realised the anomaly ot •getting pmuile at -tho other end of tho world to manufacture our tweeds and shawls and other' articles from- tho wool which, is grown in New Zealnd. AVhy should not the whole process of Manufacture be carried out in this country, thus providing labour for many work-people, and woollen goods tho lowest possible prices i'or the public? • In the past the chief dillicnlly in the war of local industry has been the comparatively .low cost of wages and production in Britain and other European cutintriot.. Oversea competition has been a serious menace to New Zealand productions. Now, however, the cost of uianufucturing in all places from which we draw our imports has largely and peril anontly increased. .Ueceut iigures showthat, on the average, the price of British exports at the point of shipment has increased by 170 per cent, as compared with pro-war days. Shipping transport, too, has greally increased in cost. All 'theso factors provide'a very hopeful outlook for man a fact u rinj,' enterprise in New Zealand, especially the conversion I of our own. raw products into manufactured articles.

Therefore, a siyn ■of real progress is tho incorporation of The Wansanui Woollen Mills, Ltd;, which is being formed to carry on tho manufacture of woollen Koods. The tbreo existing woollen lmtnufaoturinjf companies are in a flourishiuK condition, but, their resources arc inadequate to supply the needs of (he Dominion. In all matters relating to situation and facilities, Wanganni is a splendid silo for tho industry proposed. Full particulars &™ ii'ivon in the compile Prospectus, which, together with the /m----ulication Form, may be obtained from tho Local Brokers. Mr-ssrs Trwili iud George, 37, Panama street, Wellington, or from the Interim Secretary, Mr E. 11. Silk, F.1.A.N.Z.. Wnnpnnui.—Advt.