WOOL AND WAR DEBTS.

Taihape Daily Times, Volume XI, Issue 3374, 31 December 1919, Page 7

WOOL AND WAR DEBTS.

Mr Sheldon, Australian Trade Commissioner, spent three days in Boston, where he was entertained by the leading business men interested in the wool trade. Mr Sheldon dealt with the question of the sale of Australian Wool to the British Government. He pointed out that the sale to Britain was a vital advantage to both Britain and England, because it enabled Australia largely to finance her share of the war. This arrangement is to be continued until June, 1920, in ordcr to enable Britain and Australia to readjust themselves on a peace-time basis without the complications which would otherwise have lb-een caused by large parcels of wool being thrown on the market in competition with individual growers. Mr Windler, the British Government’s wool representative in America, said that the British hoped that by November, 1920, the new clip of Australian wool would be coming into the European market, when there would be left one the hands of the British Government only about half a million bales of wool from all sources.

Mr Sfielfion, intérviexvefl, said that great interest was being shown in Australian WOOI tops, for which there is a ready market. in Anmrica. J '