THE WOOL MARKET.
MR. HUGHES' SCHEME CRITICISED. WOULD HOLD SUPPLIERS UP. By Telegraph.—Press Assn.—Copyright. Received May 12, 9 p.m. London, May 11. Mr. Goldfinch, in an interview, said it was extremely unilkely that Mr. Hughes' wool scheme would be adopted as it stood. It was essential for this country that supplies should be kept up, and still more so for France and Belgium. Mr. Hughes' proposals would mean no supplies would be going to the European market and an artificial scarcity would be caused. The scheme might defeat its own object by increasing the sale of wool other than Australian.
The Yorkshire Post says it is difficultto see how Mr. Hughes can compel the wool growers to have all wool sold at auction in Australia, as he declined to give compulsofy powers for a similar scheme in respect to wheat—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 13 May 1920, Page 5
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142THE WOOL MARKET. Taranaki Daily News, 13 May 1920, Page 5
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