THE WOOL CLIP.
I BRITAIN BEING CONSUMED. . ' Wellington, November 18, : No new development is reported witK regard to the Imperial Government'* proposed purchase of the wool clip. THa. rates at which the Growers' Conference is prepared to sell have been cabled Ut London, .but a day or two may cbuxtt before a reply is received, since Ilr* Massey will have to consult that Inh perial authorities. Growers audi com* mercial people generally are uncertain in the meantime, what the position will be if the proposals of the conference are| not accepted. The Government ba* power to requisition the wool, and pan for it at the rate originally by the Imperial Board of Trade, thai is, a 45 per cent, advance on the 1913-H prices. But nobody seems to know, definitely if the Government here is prepared to take up a strong line. Ifc ig stated in some quarters that if fbe growers' terms are not accepted in London, the whole requisitioning scheme may lapse.
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Taranaki Daily News, 18 November 1916, Page 5
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164THE WOOL CLIP. Taranaki Daily News, 18 November 1916, Page 5
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