1872
THE NEW ZEALAND GAZETTE.
No. 74

(c.) The said residues, plus the said 55 per cent., shall be the prices per pound
to be paid respectively for the same grades of slipe wool produced by
such company up to the 30th June, 1917.
The price shall be worked out to the nearest farthing.

4. With respect to slipe wool produced by any such company on or after the 1st
   July, 1917, this wool will be valued and paid for in accordance with the prices shown
   in the Third Schedule hereto.

5. Each company shall forthwith, unless it has already done so, submit to the
   Controller of the Department of Imperial Government Supplies (hereinafter referred to
   as “the Controller”) a statement or statements in triplicate of the prices received by
   it between the 1st January and the 31st December, 1914, in the form set out in the
   Second Schedule hereto, to enable the estimated local price of the slipe wool of that
   company to be fixed.

6. If no slipe wool of any particular grade or grades was sold by any such company
   in London during the period named in paragraph 5, the prices at which its wool shall
   be invoiced pro forma to the Government shall be fixed by mutual agreement between
   the Government and the company; the London Committee, referred to in paragraph 13
   hereof, shall finally adjudicate on such companies’ wool on basis of values arrived at
   for other wools of similar quality.

7. Upon delivery of any slipe wool into a store approved by the Government the
   company shall forward to the Controller an invoice in triplicate supported by one copy
   of a specification, showing brand, bale numbers, description, number of bales, and gross
   weight, less tare and draft. A certificate from a Government Inspector to the effect
   that the slipe wool is in store must also be submitted. Ten days after receipt of such
   invoice and certificate the company shall, in the case of slipe wool produced up to and
   including the 30th June, 1917, be entitled to payment of an amount, free of exchange,
   representing 75 per cent. of the estimated value of the slipe wool, ascertained as
   hereinbefore provided; or, in the case of slipe wools produced on or after the 1st July,
   1917, the company shall be entitled to payment at the rate of 1s. 2d. per pound, free of
   exchange, on all such wools. Each such payment shall be treated as a part-payment
   of purchase-money and not as an advance at interest.

8. The property in any such slipe wool shall pass to the Crown upon the payment
   referred to in paragraph 7 hereof being made, and such slipe wool will thereafter be
   held on behalf of the Government.

9. All such slipe wool shall, in respect of fire and all loss or damage in any other
   manner except such as is due to faults of manufacture and packing, be at the risk
   of the Imperial Government from the date of the payment referred to in paragraph 7
   hereof.

10. In the event of any slipe wool being lost or damaged after the property in such
    wool has passed to the Crown, except in the case of such loss or damage as is due to faults
    of manufacture and packing, final payment for such wool shall be based on the values
    assessed for the same grades and qualities of other slipe wool of the same season belonging
    to the same company which reaches London and undergoes final valuation. In the
    event of no other lots of any particular grade or quality reaching London, payment
    will be made for slipe wool produced on or before the 30th June, 1917, on the invoiced
    price based on the accepted 1914 price statement in the case of companies who have
    furnished a satisfactory statement of 1914 prices. In the case of other companies,
    for slipe wool produced on or before the 30th June, 1917, and in the case of all com-
    panies for slipe wool produced on or after the 1st July, 1917, the price shall be fixed by
    mutual agreement, with provision for arbitration if such agreement is unattainable.

11. Storage at the rate or 3d. per bale per week will be paid on all slipe wool held in
    freezing companies’ own stores where such stores have been approved by the Govern-
    ment. The storage charge will commence from the 15th January, 1917, in the case of
    slipe wool which was in store on that date, and in the case of slipe wool produced and
    placed in store subsequently the charge will commence from the date appearing in the
    store certificate signed by the Government Inspector and furnished with the invoices
    rendered to the Controller for advances against the value of the slipe wool. Where the
    slipe wool is held at port stores the charges made at such stores and paid by the freezing
    companies will be recoverable from the Department of Imperial Government Supplies
    upon debit notes being rendered in duplicate supported by receipts for disbursements
    made to the Harbour Board or shipping company concerned. Payment of storage
    accrued will be made as each lot of slipe wool is shipped.