AUSTRALIAN WOOL.
STATEMENT BY MR. GOLDFINCH.
By Telegraph.—Press Assn.—Copyright. Received Dec. 14, 8.30 p.m.
London, Dec. 13,
Mr. Goldfinch informed the Australian Press that the fears expressed in England that the proposals of the Australian Wool Association might close down the wool auctions were groundless. The Imi perial Government would never agree to any proposals likely to have such an effect. The leading exporters of Melbourne .were already aware that the stocks of Australian wool in England were already too great, and that no arrangement would be satisfactory which did not provide for a regular and systematic reduction. The Association's policy, doubtless, would be to encourage disposal through the London auctions, and to arrange for the new wool clip from Australia to be shipped in less quantities than the monthly disposals in England. It would be more economical to carry any necessary surplus in Australia and New Zealand than in England, where storage facilities were being over-strained. He wa3 not disposed to make any comment on the Australian Association.—Aus and N.Z. Cable Assn.
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Taranaki Daily News, 15 December 1920, Page 5
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173AUSTRALIAN WOOL. Taranaki Daily News, 15 December 1920, Page 5
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