Just found there was 250,000,000lb Australian Wool Reserve created in USA'
This would have been the Liberty Ship cargo.
I do not want to buy the book but the excerpt leads me to believe this was British owned wool to be converted to product for British war effort.
Will follow up.
Lang
British Economic Warfare in the Far East and the Australian ...
https://www.jstor.org › stable
by K Tsokhas · 1993 · Cited by 4 — Creation of a reserve of 250,000,000 lbs of Australian wool in the United States. DO 35/1089. Page 13. 56 THE AGRICULTURAL HISTORY REVIEW