London Jan. 19.
The question of wool profiteering continues to excite the greatest! interest. The Profiteering Committralia and New Zealand at profits running into many millions sterling. He said that the Government was selling better qualities at a price very much higher than the prices fixed in the Dominion contracts, but the Dominions understood that this would be done after the war and they would receive half the profits.
He declared as regards the wool supply that Australasia had helped more than any other country during the war, and then they made practically no profits. He emphasized that farmers in Australia and New Zealand at present were not doing as well as farmers in Great Britain, South Africa or India who were obtaining the top market price without sharing the profit with the British Government.
Moreover the Director General compared the situation with cotton, pointing out that Egyptian cotton has raison from 27 pence to 60 pence per pound and Egyptians were securing the whole of the profit. He declared that the Government would be committing a great breach of faith unless Australasia now got the benefit of the rise in prices.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.