WOOL PAYMENT

Wairarapa Times-Age, 30 March 1943, Page 3

WOOL PAYMENT

WORLD PARITY QUESTION. MINISTER’S REPLY TO CRITICS. (By Telegraph—Press Association.) WELLINGTON, This Day. Statements by Mr L. T. Daniell, Masterton, and by other sheep-farmers that they only wanted world parity for their wool were replied to last night by the Minister of Marketing, Mr Barclay, who said that the 15 per cent increase granted by Britain exceeded world parity. The Minister said that when Britain advanced the price by 15 per cent America refused to purchase at enhanced value and at first objected to any increase. Eventually she compromised and increased her price to Britain by 6| per cent: “Britain is now selling our wool to America at per cent less than she is paying Australia and ourselves for it,” added Mr Barclay. “It is surely safe to say that the price America will pay is world parity. “Mr Daniell is incorrect when he says that Australian manufacturers pay 15 per cent above export parity. For the first three years of the war Australian manufacturers paid per cent under export parity, and only since the rise have they had to pay export parity. For the first three years of the war New Zealand manufacturers paid export parity anji now they buy.it for 15 per cent less than export parity.”