WOOL STOCKS

Wairarapa Times-Age, 6 March 1940, Page 5

WOOL STOCKS

NOT UNDULY LARGE

ACCORDING TO BRITISH CONTROLLER. ONLY NECESSARY RESERVES BUILT UP. By Telegraph—Press Association—Copyright. (Received This Day. 9.25 a.m.) LONDON. March 5. The Wool Controller. Sir Harry Shackleton, in a Press interview, said: "Some critics allege that control has accumulated large stocks. This is quite untrue. As prudent men we are maintaining an adequate reserve. Wool is arriving in satisfactory volume, but there is a very heavy consumptive demand and the stocks we are buildingup will only be reasonably adequate from the draw which will have to be made on them. There will be no withholding of supplies which can be released with due regard to the maintenance of a proper margin ol safety.

UNSOLVED PROBLEMS

VIEWS OF DR CLUNIES ROSS. SYDNEY. Marcli 5. No crossbred wool bought by Britain from Australia is available lor neutral countries, said Dr Clunies Ross, the Australian representative on the Internal ional Wool Secretariat in London. who has arrived by flying-boat and is now attending the conference of the Australian Woolgrowers Council in Sydney. He declared that the fact that raw wool is severely limited in resale to neutrals is intensifying agitation among the growers for a review ol the conditions under which Britain bought the Australian clip lor the duration ol the war and 12 months thereafter. He added that Britain and France required all the crossbred wool purchased from Australia and New Zealand, causing a definite shortage lor neutrals.