24 Jun 2011

Wool Board funds to be distributed next month

2:01 pm on 24 June 2011

The Wool Board Disestablishment Company has set a date to distribute the remaining Wool Board reserve funds to wool growers.

The company is still holding about $7 million on behalf of 13,000 growers.

Chief executive Roger Buchanan says the long-running Saxmere wool case has reached the end of its legal course which means the remaining funds can be returned to growers.

Mr Buchanan hopes to have all of the money distributed by 28 July.