50 years ago

A COLERAINE district man will be in a three-member wool industry delegation to discuss the firm reserve price controversy with the Minister for Primary Industry, Senator Wriedt, in Canberra this week. Mr John Silcock, from Gringegalgona, says they will meet Senator Wriedt on Thursday night or Friday morning. Mr. Silcock says the Australian Government must give a “yes” or “no” soon on backing the Australian Wool Corporation on its firm reserve price policy. One of the points the delegation will impress strongly on the Minister will be a declaration by many overseas wool processors. Mr. Silcock confirmed at a Hamilton farmers’ meeting of Friday that the processors had declared they would accept a firm reserve auction price of 300 cents a clean kilogram of 21- micron wool combined with rising adjustments to keep pace with inflation.