BRITISH AFFAIRS
AUSTRALIAN WOOL. MR HUGHES’ PROPOSAL CRITICISED. (By Telegraph.—Press Assn.—Copyright.) (Australian and N.Z. Cable Association.) LONDON, May 10. (Received May 11, 8.16 p.m.) Mr Hughes’ wool scheme surprised the wool trade and roused much discussion, particularly the proposal not to hold sales in London between September and May, which the brokers deeply resent, regarding it as an attempt to continue control to the longest possible date. A leading Australian merchant thinks that the demand at Australian sales may be restricted by a shortage of buyers owing to dear money and the difficulty of arranging credit, and also to the shortage of shipping, but in any case the stoppage of the London sales can only have the effect of keeping up prices against the unfortunate public. PORT OF LONDON. DOCK CHARGES INCREASED. LONDON, May 10. The Port of London Authority ; s increasing dock charges sixty-five per cent., making the total increase 150 per cent, over the pre-war rate. The increase is entirely due to advances in wages and additional expenditure involved thereby.
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Southland Times, Issue 18819, 12 May 1920, Page 5
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172BRITISH AFFAIRS Southland Times, Issue 18819, 12 May 1920, Page 5
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