THE WOOL PROBLEM.

Taranaki Daily News, 10 August 1921, Page 5

THE WOOL PROBLEM.

COMPLAINTS OF CONTROL. MR. MASSEY AT BRADFORD. HOPE FOR BETTER PRICES. By Telegraph.—Press Assn.—Copyrigtt Received August 9, 5.5 p.m. London, August 8. Mr. W. F. Massey spent the week-end at Bradford, being the guest of Francis Willey, the wool magnate, whose son was Wool Controller in war-time. To-day he visited the Exchange and several of the largest mills, including Saltaire, where he saw New Zealand wool worked from the raw to finished cloth. He was amused to discover, while motoring to a civic reception in Mr. Willey’s motor car, that a rug in the car was manufactured at Mosgiel. At a subsequent reception by the Chamber of Commerce, Mr. Whitehead (the chairman) said the visit of Mr. Massey would do much to further the friendship and understanding between Bradford and New Zealand. Mr. Dawson (president of the Wool Federation) said closer co-operation between Australasia and Bradford was essential, their interests being identical. The federation was firmly convinced that it would regain its former prosperity if it were freed from the trammels of control and subjected only to the laws of supply and demand. He believed the federation had enough skill and enterprse which, with free scope, would enable them to regain their position. Mr. Massey said he was confident of the trade’s ability to overcome the present slump. He would be disappointed if wool prices did not increase considerably during the next half year. Every Dominion pastoralist in 1920 showed a loss. The accumulations of wool in England must be seriously faced and dealt with. He agreed that the sooner the trade was relieved from Government control in any shape the better it would be for the industry’s progress.—Aus.-N.Z. Cable Assn.