Wool marketing reform backed by acquisition plan
Federal Cabinet signaled in principle support for a wool clip acquisition scheme as part of a single industry body. Country Party leader Mr Anthony, addressing the Cootamundra conference, said decisions on reserve price and floor price would follow guidelines. He noted the Wood Commission had steadied stocks at about 930,000 bales, with expected year-end under 100,000. The commission boosted growers by an estimated $100 million, and deficiency payments would total just over 50 million this year.
MENTIONED IN THIS ARTICLE
Country Party
Anthony
Cootamundra
Canberra
Wood Commission
Commission
W. Vines
Cabinet says wool marketing level reached
The Assistant Minister for Primary Industry Mr King told a Dunolly Country Party meeting that constitutionally the Government had gone as far as possible with wool marketing. He noted AWIC proposals largely matched Government policy, with some finer points to be resolved. He highlighted the continuation of the 3c a pound deficiency payment for 12 more months as an achievement.
MENTIONED IN THIS ARTICLE
Mr King
Vic
AWIC
Body lacking in power growers oppose wool plan
Melbourne reports Wool grower leaders attack the Federal Cabinet plan for future marketing of the Australian clip. They support amalgamation to form the Australian Wool Marketing Corporation but challenge its limited powers and the 36c deficiency price. They cite ignored studies and insist stockholding and pricing policy must be government consulted. Prices in Adelaide Brisbane and Geelong fell over three days as the market slumped.
MENTIONED IN THIS ARTICLE
Melbourne
Federal Cabinet
Meat Producers Federation
P. B. Leach
Ariebane
Adelaine
Geelong
Wool Commission
Adelaide
Brisbane
Cabinet rejects wool industry reform claim sparks disappointment
Labor figure Mr Grasshy told a Berwick meeting in Victoria supporting Holt candidate Max Oldmeadow that the Federal Cabinet’s decision not to proceed with basic wool reforms was a bigger retreat than forecast, described as a surrender to sectional pressure. A Canberra-issued statement echoed the criticism.
MENTIONED IN THIS ARTICLE
Grasshy
Lab Nsw
Berwick
Victoria
Max Oldmeadow
Labor
Holt
Canberra
Grassley
Wool Marketing Corporation projected to start exams by mid next year
Ministers in Canberra expect the new Wool Marketing Corporation to be formed by year end and to begin examining wool acquisition immediately, reporting to the government by mid next year. The plan to merge the Wool Board and Wool Commission aims for acceptance across parties, but constitutional hurdles require Commonwealth-State agreement and complementary legislation before funding.
MENTIONED IN THIS ARTICLE
Wool Marketing Corporation
Canberra
Commonwealth
Liberal
Country Party
Wool Board
Wool Commission
Australian Wool Marketing Corporation
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the New Wool Marketing Corporation
Mr Anthony
Dunolly
Wool Board and
Australian, Wool Marketing Corporation
Australian Wool Industry Conference
The
Australian Wool and
Taubmans
Maryborough Street
Fyshwick
YMCA
London
Wales Retirement Fund
Bank OF New South Wales
Wales Superannuation Funds
Alinge and Petrie Sts
Isase
New South Wales
Coats
Garema Place
Kingston
Dominex
Solo
Ralex
Gerema Place