VENUE OF WOOL SALES.

Taranaki Daily News, 12 June 1920, Page 5

VENUE OF WOOL SALES.

THE AUSTRALIAN PKOrOSAL. ENGLISH MARKETS FAVORED. By Telegraph.—Press Assn.—Copyright, Received June 11, 8 p.m. London, June 10. Bofore Mr. Watt i(the Australian Treasurer) resigned, the chairman of the Colonial Wool Importers' Association wrote to him pointing out that if public sales were" resumed in Australia competition, for the next two years at any rate, would he much restricted, owing to the great difficulties connected with freight, .finance, and exchanges. Comparatively few English buyers, and still fewer Continental buyers, were strong enoupgh financially to purchase so far ahead of their actual requirements, and oven these few would operate in Australia at prices leaving a very full margin for contingencies, Tlie Association considers tlie ideal method of disposing of wool would be to confine the sales entirely to the English tnarko' - I,Mf as a considerable number of gro, ~i Australia would like to try ottering their wools there, the Association suggests that growers be left entirely free to offer by public auction in Australia, or to consign to Loudon, whichever they prefer.—Aus.-N.Z. Cable Assn.