THE WOOL CLIP

Taranaki Daily News, 26 December 1916, Page 2

THE WOOL CLIP

REQUISITION PROCLAIMED. His Excellency 111<■ (■ovrrnor, in a Gazette Extraordinary, proclaimed that' ali woo] of this present reason's clip in New Zealand is hereby requisitioned by and on bcliaif of his Majesty "for the clothing and equipment of: his Majesty's Forces and for other purposes of the war," Among the persons, firms and companies appointed to act as the agents of the Government of New Zealand in respect of the requisition of wool are: L. A. Nolan and Co., Newton King, und New Zealand Loan and Mercantile Agency Co., Ltd. BASIS ORF VALUATION. All woo) so delivered, and also nil wool already in the wool store of a Government wool-broker on "the day of the making of the proclamation, is to be classified and valued in accordance with the following scale, which is to be taken as representing the average price of the various classes of wool as sold by auction in New Zealand in the month of Jaiuiai'v. 1911:

Range of values per pound according to quality. From Description of Wool d. d. Superior merino combings 12 lo 141 Medium to good merino... to 11A Inferior merino .....v.... 8£ to !)j Superior halfbred 12 to 14 Medium to good halfbred SJd to 12 Inferior halfbred I) to 10 Superior crossbred ■ 10J to 12 Medium to good crossbred.. 9 to 11 Inferior crossbred • 73d to 9 Lincoln and Leicester SJd to 10* Limbs, good 11 to 13 Lambs, medium U to IOJ

METHOD OF 'PAYMENT. The Government will pay for all wool so valued a sunt' equal to 1 the value so placed upon it. with the addition of 55 per cent, thereof; and such payment will be made, free from exchange, on the fourteenth day after the day of valuation, to the wool-broker in whose possession the 'wool is held, and such mcol-broker 'shall rtooi*. e and account for the same as the agent and on behalf of tlie wool-owner. It is also provided that: ''Any wool may bcfor.v payment therefor be rejected by the valuers, or, in case of their disagreement, by the supervising valuer, as being unmerchantable or not of the nature or quality required by the Government. Wool so rejected will not be taken by the Government. "In all these matters the Minister for Agriculture will act on behalf of the Government, either by himself or by such officer or officers of the Public Service as he may nominate in f.liat behalf."

SLIPED WOOL NOT REQUISITIONED. S'iped wool and any fttlier quality of wool notified from time to time ny the Government to the wool-brokers will not be subject to requisition. WOOL SUBJECT TO SEIZURE. If any owner of wool fails or refuses to deliver such wool to a wool-Broker in accordance with the foregoing j revisions, or to accept payment for such wool "in pursuance of these provisions, the wool will be subject to seizure in the of his Majesty's prerogative in time of war, and will be disposed of in such manner as the necessities of his Majesty in respect of the present war may require. All wool already shippeu for export under a permit issued by tlie Minister for Customs in pursuance of the OrderiirCouiieil of November 18, 1010, together with all other wool theretofore shipped by or on behalf of the same owner upon the same siiip, will he purchased by the Government on terms equivalent, as regards the seller, to those on which wool requisitioned under the foregoing provisions is paid for, and in accordance wilh valuations to be made by his Majesty's Government ill the United Kingdom. In default of any such agreement lor sale and purchase, such wool will be subject to seizi lire on behalf ot' his Majesty.