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Wool Sales
After
Peace Comes
HOW CLIPS ARE
DISPOSED OF
'The Mail' Special Representative
LONDON, Saturday.
The British exchequer is
likely substantially to benefit
by the sale of Australian and
New Zealand wools during the
year after the war.
Asserting this, the 'Yorkshire Post'
for the first time reveals the fate of the
Australian wool clips bought by Bri
tain and sold by the wool committee of
the Ministry of Supply under the chair
manship of Lord Essendon, a leading
industrialist and company director.
So far, 125,000 bales have been
allocated to tbe United States,
some of which have already been
shipped.
This is the largest single allocation,
but other lots have been sold to
foreigners (who for the present must
not be named), including a South
American State.
Britain and France need practically
all the crossbred wool for war pur
poses, and it is highly improbable that
neutrals will get any of this during
the war.
Early in the war (continues the
'Yorkshire Post') American buyers
complained bitterly of the prospective
serious shortage of dominion wools,
but their demand has since temporarily
been met.
Agreement Runs On
The British and French demand for
wools will decrease when the war ends,
but the Australian and British agree
ment will run for a further year, dur
ing which Britain will be able to sell
surplus ?wool profitably.
Meanwhile Lord Essendon is anxious
to dispose of as much of the present
surplus as possible. British countries
have first claim, followed by Britain's
Allies, and then neutrals. Big profits
are not desired from neutrals, most of
which are reasonably satisfied -at their
treatment.
Lord Essendon is making every effort
to ensure that no wool reaches Ger
many through neutral channels.
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