Abstract
THE passage of the Wool Use Promotion Act (1945) through the Commonwealth Parliament is an Australian reaction to what is commonly termed the threat of synthetic textile fibres to wool. This Act is supplemented by a Wool Tax Act (1936-1945) which imposes a levy of 2s. per bale, payable by the grower, on all wool received or produced by a wool-broker or dealer, or exported on and after June 1. The proceeds of the levy (estimated at £300,000 in a normal year, but considerably less in 1945-46) are to be paid into a Wool Use Promotion Fund. In addition, a Wool Research Trust Account is established into which the Treasury will pay annually from consolidated revenue a sum equal to that raised by the levy. The total available may therefore reach as large an amount as £600,000 per annum. A committee of Ministers will determine each year what sum (if any) shall be transferred from the Promotion Fund to the Research Account. The balance left in the Fund will be applied by the Australian Wool Board to promoting, by publicity and other means, the use of wool in Australia and throughout the world, and for performing such other functions for the benefit of the wool industry as may be approved by the Ministers.
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Wool Research in Australia. Nature 157, 71 (1946). https://doi.org/10.1038/157071c0
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DOI: https://doi.org/10.1038/157071c0