FUTURE FULL OF HOPE.

Taranaki Daily News, 24 December 1920, Page 5

FUTURE FULL OF HOPE.

S,ffi THOMAS MACKENZIE ON NEW ',' ZEALAND'S PROSPECTS. Speaking at Ashburton last week, Sir '' Thomas Mackenzie said the great fault ' he had to find with the Imperial Departments controlling produce was their tendency to hold up instead of distributing His efforts got meat released and the price was reduced to the consumers. Meanwh'ile, however, the"'condition of New Zealand meat had suffered, and it had to take- second place. Sir Thomas referred to the prospect of jtfew ZaJand lamb on the American market, and said that the "Big Five" did not sell New Zealand lamb as such, but put it with ■ home-grown stock. His own opinion was that New Zealand could sell in America all the lamb that could be offered. The British market, however, : was their main market. The "Big Five" * in America had taken to farming as well ' as buying, and would probably endeavor to induce the new President to raise the ■ tariff against New Zealand meat. The American people, however, were up "'■ against any further increase in the. if price of food. ';, New Zealand's produce had no superior ■ on the British market, the Dominion . butter being better than .tliat of Den- :• t mark, or any other competitor. New \ Zealand producers must secure the high- i est class of purchasers. Ho described ; the price-of-butter negotiations, and ' said that the steps he took against a . threatened commandeer of butter ob-' ' tained for New Zealand the price paid to other countries. v He believed that the wool crisis arose through not having prices fixed immediately after the armistice period. The British Government intended to reduce the price, but for some reason it was increased. The manufacturers got large stocks but high prices caused tho public not to buy more than was necessary A recent newspaper cablegram said that the Wool Controller had made a profit of £58,000,000. The Wool Controller had been eager to make too big a profit on wool. In a newspaper interview he *asi reported to have said that the : profit he expected to make on Australasian wool was £100.000,000. That profit, above the 55 per cent, over pre-war ■ prices, could not be made without hurting the wool industry. Wool, was not getting into use, or the high pric es of clothing prevented the people 'purchasing. A solution was in the German mills which formerly .used 272,000000 . pounds of the finer wool annuallv mmm .pounds Bamin g f™£ Br.tish Empire In coarse wools the German mills used 120,000,000 pounds, ess than half being produced by her ' If New Zealand did not like to Lply" Germany arrangements might be made with Britain to get German mills to work the stuff up for their customers The s.tuation could only be eased bv wool going to use. Manufacturer heli little wool at present. He thought th« future was full of hope. SS becoming remvigorated, and with fine men at the helm shonld pros'* "t! would pay the Dominion to small advigory council *t Home but it ™" pointed muet be famtfvS ?h°