Volume 71: Macarthur family papers relating to wool and sheep, 1820-1936: No. 162
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[Page 162]
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Wool. I am of opinion, therefore, that there is no danger of the prices of Wool falling lower than they are, at present. On the contrary, I think they will rise. particularly for the finer qualities, and the Sheep Owner in New South South Wales, who perseveres in a steady and judicious system of permanent improvement, will, in my opinion, find an improving market for his fleeces, in this Country. Before I quit this subject, I will advert shortly to the argument, so frequently brought forward by political writers, that a repeal of the English Corn Laws, would necessarily cause a reduction of the quantity of German Wool. This appears to me to be completely erroneous. The production of Corn has been greatly increased, by the introduction of Sheep husbandry. Any stimulus, therefore, to a still greater increase of its production, so far from