WOOL TRADE
EFFECT OF GERMAN BARTER AGREEMENT.
FOUR FIRMS CLOSED DOWN OR JEOPARDISED.
By Telegraph—Press Association—Copyright. LONDON, January 13.
The Cape Town correspondent of “The Times” says that Germany’s almost monopolistic control of the wool sales is perturbing British, Continental and local buyers. Durban reports the signing of a barter agreement under which Germany takes £4,000,000 worth of wool in 1939. This has enabled the Germans to close down or jeopardise four English and South African wool-buying firms, to displace the dismissed South Africans with Germans and discriminate against British shipping. The German buyers do not compete with one another at the wool sales. One buys against non-Germans and distributes his purchases among his compatriots. Five German buying houses have been established in Durban in two years.
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Wairarapa Times-Age, 14 January 1939, Page 5
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127WOOL TRADE Wairarapa Times-Age, 14 January 1939, Page 5
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