MR HUGHES’ WOOL SCHEME CRITICISED.

Taihape Daily Times, Volume XI, Issue 3489, 18 May 1920, Page 5

MR HUGHES’ WOOL SCHEME CRITICISED.

EONDON, May‘ 15.

Mr Goldfinch, interviewed by the Yorkshire Post, said the principal objectiop to Mr Hughes’ wool scheme from users’ point of View would lie iithat supplies were totally interrupted from October to December,‘ when it was essential for the trade that 200,000 bales should arrive inonthly. Three’ blank’ months would bring to a standstill a number of mills, especially in France and Belgium, as they had no stocks. It was necessary for the trade that the Government wool should be sold right up to the end of December, and. it would be highly inconvenient ‘if there was no sale here. He doubted if it would be practicable_ He" had no doubt he would be able to arrange a. reasonable division of shipping between the owners of the new clippand the Imperial wool. It was never our intention to ignore the interests of growers in respect of the new clip. The sYorkshire Observer states that it is probable that not much more will be heard bf Mr Hughes’ wool scheme. Inquiries show that the autlzorities in London do not regard it seriously. ‘ They ought to have little difficulty in convincing Mr Hughes that there is nothing to he said in favour of the proposal The opinion is growing here that the scheme is due to Mr‘ Hughes being obliged to show a willingness to exert himself in the interests of the Commonwealth growers. This is perfectly legitimate, but if the inference is correct the proposal need ‘not be considered alarming . The Times’ trade supplement says there is a suspicion that Mr Hughes’ interference is prompted by a desire to nationalise the ‘Australian wool trade and wool and textile industries.