11.—30.

In July, 1941, the final payments wore made, for greasy and slipe wool. These final payments represent the full amounts of the retention-moneys on greasy and slipe wool, plus the differences in price necessary to bring the over-all average of the appraisement prices for both greasy and slipe wool up to the over-all average prices—l2-25d. per pound greasy wool and 16-9766 d. per pound slipe wool — represented by the sale prices to the United Kingdom Government. Accordingly the final payment on greasy wool totalled 5-1816488 per cent, of the appraisal values, and the final payment on slipe wool totalled 11-2715733 per cent, of the appraisal values. Payment for wool (other than wool sold to local manufacturers) is made by the United Kingdom Government on appraisal at the sale prices of 1055 d. per pound sterling for greasy and 13-75 d. per pound sterling for slipe. Originally a fiat tare of 10 lb. per bale was allowed, but since September, 1940, actual tares have been allowed for. Payment by local manufacturers is made on " prompt " date at appraisal values, plus the standard charges of brokers, appraisers, and Marketing Department. The contract for sale of wool by the Now Zealand Government is with the United Kingdom Ministry of Supply, but all instructions regarding shipment and accounting for wool are given by the Wool Control at Bradford. Appraisal Procedure. The woolbrokers are responsible for the preparation of wool for appraisal. The appraisers classify tho wool as to type, and estimate the clean-wool content— i.e., the yield—of each lot. From these data the price is determined. All such estimates are later checked by the senior appraisers, and the price-calculations checked by independent appraisers. The chocked prices are subsequently issued to the brokers, who in turn issue them to the woolgrowers concerned. Woolgrowers have the right of appeal against appraisals if they consider their prices too low. The procedure governing appeals is laid down in the Purchase of Wool Emergency Regulations 1939. It is to be noted that during the season very few appeals were made. The following tables show the quantities and values of wool appraised at the various appraisal points during the year ended 30th June, 1941. In comparing these figures with those printed in the 1939-40 report it should be borne in mind that these did not represent a full twelve months' appraisals, as they excluded wool sold at crutchings sales during the months of July and August, 1939 : —

Greasy Wool.

26

Purchased for Sale to United Kingdom Ministry of Supply. „ , , . H , . ' Purchased for Sale to _ . . . . Local Mills. Total Appraisals. Appraisal Centre. j, or shipment ln the Grease. For Scouring. , Bales. Net Pounds. Bales. Net Pounds. Bales. Net Pounds. Bales. Net Pounds. Appraisal Value £ s. d. Auckland .. 78,558 26,993,529 18,400 (5,989,331 1,353 483,139 98,317 34,465,999 1,703,158 1 2 Tokomaru Bay 6,756 2,390,596 960 372,088 14 4,813 7,730 2,767,497 141,211 6 3 TolagaBav .. 3,722 1,289,293 523 214,103 134 45,445 4,379 1,548,841 77,591 111 Gisborne " .. 35,316 11,829,731 (5,296 2,322,465 160 55,359 41,772 14,207,555 705,069 8 2 Napier 87,882 29,794,9(52 21,067 7,878,050 2,049 764,764 110,998 38,437,776 1,930,126 15 8 Wanganui .. 67,767 24,237,471 18,611 7,331,278 967 350,810 87,345 31,919,559 1,576,417 2 5 Wellington 92,964 33,790,861 15,889 6,280,278 6,362 2,429,948 115,215 42,501,087 2,194,316 18 3 Nelson 8,039 2,496,197 (525 215,408 47 15,177 8,711 2,726,782 138,274 7 9 Blenheim .. 1(5,698 5,245,833 2,483 848,204 1,106 360,208 20,287 6,454,245 348,045 10 7 Christchurch 57,562 17,806,605 16,929 5,864,815 14,072 4,458,878 88,823 28,220,660 1,490,488 8 11 260M 90.368M 1* 78* 1* 78* 6 13 3* Timaru .. 30,584 9,858,988 7,693 2,772,623 6,713 2,249,477 44,990 14,881,088 764,542 2 1 3* 777* 12* 2,254* 15* 3,031* 207 16 3* Oamaru .. 12,925 4,265,321 2,915 1,119,246 2,483 839,174 18,348 6,232,675 330,991 0 6 25M 8,934M Dunedin .. 59,214 18,609,967 12,295 4,616,368 7,861 2,634,048 79,445 25,883,973 1,341,266 4 3 75M. 23,590M Invercargill . 61,128 19,246,898 10,176 3,653,609 2,369 760,451 73,811 23,707,087 1,205,130 14 2 138M 46,129M Total .. 619,115 207,85(5,252 134,868 50,477,866 45,690 15,451,691 800,171 273,954,830 13,946,629 2 1 498M 169,021M 3* 777* 13* 2,332* 16* 3,109* 214 9 6* 619,115 207,856,252 135,369 50,647,664 45,703 15,454,023 800,187 273,957,939 13,946,843 11 7 Additional (final) payment .. .. .. .. ■ • • • • • ■ • ■. .. 25,333 17 7 0 7 10* 13,972,177 17 0 • 1988-89 season's scoured wool. M = matchings.