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1945 |
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At the end of the War the stock of Australian, New Zealand and South African wool in the ownership of the United Kingdom Government is 10.4 million bales. The four governments form a joint organisation called, U.K. Dominion Wool Disposals Limited, to market and sell the stockpile, together with future clips, in an orderly fashion to ensure the stability of wool prices using a floor price.. |
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Within Australia in November the Australian Wool Realisation Commission replaces the Central Wool Committee. It has the responsibility for disposing of the wool stockpile purchased during the War |
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Enabling legislation for the Wool Research Trust Fund is passed by the Australian Government. |
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The Wool Consultative Council is established for the purpose of providing advice on issues concerning the wool industry in Australia. |
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The Australian Commonwealth Government passes the Wool Use Promotion Act, restricting the Australian Wool Board's function to promotion. |
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Wool promotion levy is increased, at the request of wool growers, to 2 shillings per bale. The Government contributes 2 shillings per bale to fund research. |
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Central Wool Committee is disbanded and responsibility for its laboratories is passed to the Australian Wool Realisation Commission (AWRC). N.W. Yeo is appointed as the Executive Member of AWRC. J.R. McGregor decides to return to his wool buying and exporting business in Sydney, J.W. McGregor & Co Pty Ltd. |
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