A forecast that the present high price of raw silk, which has increased 80 per cent in six months, will continue to rise was given by Mr G. W. Allan, an Auckland silk specialist, who returned from a business trip to Sydney by the Monowai. The increase so far, he said, was in no way due to the import restrictions; but to 1 a general shortage of raw silk on the world market. War preparations and motorcar equipment made excessive demands on the world’s supply of raw silk. The demand everywhere was much greater than the amount available, and it was increasing rapidly. Like other countries. New Zealand could use more silk if she could; get it, as the people of the Dominion were just as much “silk minded” as in Australia. Modern methods of dealing with silk in both countries were almost identical.
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Wairarapa Times-Age, 19 May 1939, Page 3
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144Untitled Wairarapa Times-Age, 19 May 1939, Page 3
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