NO EXCESS
(Press Assn.—
wool supplies EXPERTS SAY PRODUCTION DOES NOT EXCEED WORLD'S NEEDS INTERNATIONAL CONFERENCE
-By Telegraph — Copyright.)
BASLE, Wednesday. The International Wool Conference, opened under the presidency of a Frenchman, M. Du Brulle, who said that despite increased production during the period from 1925 to 1930, growers did not believe that there was too much wool in the world. Women, he said, were returning to woollen fabrics and were spurning artificial substitutes which were not durable. He declared that it was imperative that industry should eooperate nationally and internationally to lower tariffs. Mr. W. P. Devereaux, representing Australia, said that the financial positeion of Australian wool production was .very serious. Huge liabilities had been incurred by growers in maintaining their interests. Despite re-
ductions in the cost of production prices were unprofitable and fheir continuance would be the cause of large areas being abandoned. Yet the commodity was healthier than any other, owing to there being no accumulation of large stocks.
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 70, 13 November 1931, Page 5
Word Count
163NO EXCESS Rotorua Morning Post, Volume 1, Issue 70, 13 November 1931, Page 5
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