WOOL PURCHASE

Wairarapa Times-Age, 23 December 1939, Page 6

WOOL PURCHASE

THE CONDITIONS OF SALE TO DEALERS. STATEMENT BY MINISTER. (By Telegraph—Press Association.) WELLINGTON. This Day. The position regarding the purchase of wool by dealers was explained last evening by the Minister of. Agriculture, Mr Lee Martin. He said that in terms of the exemptions from the Wool Emergency Regulations as gazetted on December 14, licences to buy wool had been granted to a number of wool dealers by the Primary Industries Controller. “Under these licences dealers are authorised to buy direct from producers if the producers consider it advisable to sell in this manner rather than submit their wool for appraisal at brokers’ stores in the usual way,” said the Minister. "Any wool bought by licensed wool-dealers must, after the necessary preparations by such dealer. be submitted for appraisal on the dealer’s account, through the wool store of a recognised wool-broking firm. “Farmers must understand that on selling wool to a licensed dealer the farmer gives up all his interest in the wool, and therefore cannot participate in any distribution of money from the suspense account which may be derived either from the 5 per cent held back from wool payments or from New Zealand's share in profits gained from wool resold to other countries by the United Kingdom. Government."