WOOL DISPOSAL.
SCHEME TO STABILISE VALUES. By Telegraph.—Press Association. Wellington, May 31. Mr. A. E. Mabin, who recently represented New Zealand wool interests in conferences at Melbourne with the British and Australian Wool Realisation Association, has presented a report to the Government. The chief recommendation is that New Zealand should cooperate w!tn Bawra in the limitation of offerings and the fixation of prices for a period of five years, with' the proviso that jp Australia does not agree to the five years term New Zealand should have the right of withdrawal at any time on giving six' months’ notice. To give effect to this suggestion Mr. Mabin proposes the constitution of some body, possibly a modification of the Producers’ Committee, with power to direct the wool policy of New Zealand for some years ahead. It should represent the growers, brokers, banks, freezing companies and others interested, and should be able to ask for and obtain general recognition of its considered policy. Its main principles sliould be:— (1.) Regulation of wool allocations for auction sales in New Zealand. (2.) The fixing of reasonable minimum reserves on a parity basis in London. Australia and New ‘ Zealand. (3.) The making of such arrangements as are practicable and desirable in the interests of wool producers, and generally advantageous to the wool industry as a whole in Great Britain, Australia and New Zealand. (4.) To formulate a policy to deal with the carry-over wools with power to act. (5.) To enter into such business arrangements with Bawra, banks and other bodies as may be -found necessary or desirable. Finally Mr. Mabin says New Zealand may place the utmost confidence in Sir John Higgins and the Bawra Board. No one disputes the great ability of Sir John Higgins and the board stands in the highest regard of all in the wool trade or out of it. Strong men and a strong policy are required at the present juncture, and if we constitute a body able to manage our own internal affairs on the lines suggested we shall gain much advantage by working in close co-ordination with Bawra in its Empire policy.
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Taranaki Daily News, 1 June 1921, Page 8
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355WOOL DISPOSAL. Taranaki Daily News, 1 June 1921, Page 8
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