WOOL CONTROL

Wairarapa Times-Age, 26 May 1943, Page 3

WOOL CONTROL

SHOULD CEASE AS SOON AS POSIBLE. IN OPINION OF BRITISH FEDERATION. (By Telegraph—Press Association— Copyright) LONDON, May 24. Wool control should cease as soon as possible after the war, declares Mr Arthur Crossland, president of the British Wool Federation, in a letter to “The Times.” He was replying to an article containing thp following:— “There have been no profiteering and no fancy prices and the speculative element in the handling of the raw material has been absent. The producer has received a fair return.” From this the conclusion was drawn that “everyone in the wool and textile industry is reconciled to the necessity for post-war control for at least three years.”

Mr Crossland writes: “The vast majority of firms in the raw material section of the wool industry are not reconciled to the necessity for any indefinite continuation of control after the war. They are not by any means convinced that the minimum period will or should be three years. The federation's considered opinion is that control should cease as soon as possible having regard to the necessity for maintaining the stability of the industry and the prevention of extreme price fluctuations. The consensus of opinion in the industry is that a reversion to public auction is both practicable and desirable in the Dominions and in British selling centres. Sales by public auction are the only means of arriving at world market prices.”