WOOL MARKET.
THE SURPLUS PROFITS. MAY NOT COVER LOSSES. NO REFUND REQUIRED. By Telegraph.—Press Assn.—Copyright. London, April 9. Received April 11, 12.10 a.m. Newspaper cables from New Zealand report that Mr. Massey is dissatisfied with the Imperial Government holding £8,000,000 surplus as an offset to the losses on the realisation of the balance of unsold wool. The Australian Press Association is authoritatively informed that it is impossible to distribute the profits before the ultimate losses are ascertained. New Zealand has already shared equally with Britain. The surplus profits will probably not be divided, as the balance will be insufficient to offset the anticipated losses on unsold wool. Nevertheless Britain does not propose to ask New •Zealand to refund any part of the profits already received.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 11 April 1921, Page 5
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127WOOL MARKET. Taranaki Daily News, 11 April 1921, Page 5
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