Sheep are herded, sheared and the wool is sent to Sydney where men bid for it in the Royal Exchange.
Titles read: "The Golden Fleece!"
Various shots of huge flocks of sheep being herded over rolling countryside hills. The sheep file past two farmers; some sheep leap in the air as they pass. Several shots of sheep packed into pens; a sheepdog walks across the backs of the sheep to get to the other side of the pen. The sheep are sheared and the packed wool is pulled across a field by a team of horses. Men examine wool in a huge warehouse in Sydney. M/S of the exterior of the Royal Exchange (in Sydney?); C/U of a 'Royal Exchange' sign. Inside we see men shouting out as they bid (natural sound).