THE WOOL PROFITS.
SUGGESTION FOR DISPOSAL, TREASURER WANTS THE MONEY. (By Wire.—Parliamentary Reporter) Wellington, Last Night. Mr. Massey made a proposal to the wool growers in the House to-day as to how they might use the surplus profits on wool that the Government holds for distribution among them—an amount of £1,600,000. "1 would suggest to the woolgrowers," said Mr. Massey, "that if they want to continue the patriotism they showed during the war, the proper thing for them to do is to hand the whole of it over to the Finance Minister. He will give them debentures for it bearing a fair rate of interest, and the arrangement will be for their own benefit and for the benefit of the country as well."
Mr. Fraser: Where does the member for Rangitikei come in ? The member for Rangitikei is Mr. Edward Newman, who has asked the woolgrowers to give the whole of their surplus profits to a fund for the benefit of British seamen of the King's Navy.
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Taranaki Daily News, 13 August 1920, Page 4
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167THE WOOL PROFITS. Taranaki Daily News, 13 August 1920, Page 4
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