THE MOTOR TRADE

UNCERTAIN POSITION , j LIGHT STOCKS NOW HELD NEW MODELS ON ORDER With raanv of the new models on order, but with deliveries not expected by mapy dealers until next year, a position of some uncertainty has been created in the motor industry by the announcement of the import licensing system and its accompanying restrictloMotor - vehicle importations have shown steady increases in recent years and in the first nine months of IVMB the value of the stocks brought to the Dominion totalled £4,526,913. Claiming the major share of the trade, Britain suprt'ied 14,503 cars, which, with other commercial vehicles, were worth £2,574,820. The imports of cars from all sources averaged 2649 a month for th Th P e er principals of several Auckland firms of gar importers said they had received no indication as to how the motor trade would be treated under the regulations. One man said he did not think the new policy would create anv outstanding difficulties. . ''At the present juncture it is a case of working entirely in the dark, said another importer. However, if importations are restricted it will finitely mean a curtailment of staff in our case. Personally I think the trend of events suggests £hat motor-vehicles will be affectefby the licensing policy." With the arrival of new models pending stocks of new cars m the Dominion are at present fairly low. In somo cases dealers have obtained the first of their new importations, but there are many instances where orders <ire in the process of being fulfilled, it is considered unlikely that the bulk of these stocks will reach the. Dominion during the "preliminary period mention eel by the Minister an/, as a result, they are likely to be affected by the restrictive regulations.

OUTLET FOR EXPORTS DEPENDENCE ON BRITAIN reciprocity hoped for r B y TEI-iKGRATH —PRESS ASSOCIATION] WELLINGTON, Wednesday The hope that no restriction of any i • i ho olaced on the licensing from the United Kingdom ?vns exnressed to-day by the president of the \jnited Kingdoni Manufacturers and New -Zealand Representatives Association, Mr. David.Hose The Government, said Mr. iiogg, had repeatedly stated its recognition nf thp fact that New Zealand was dependent on the United Ktagdon. market for the sale of its primary produce New Zealand already sold to Britain a good deal more that it bought and credits from sales had been used in the nast to pav for imports from fore.en countries. Me felt, therefore, that any restrictions would be confined to imnorts from foreign countries and some of the Dominions which were selling to New Zealand much more than they boufifcfe