SHIPPING PRODUCE
FREIGHTS TO BRITAIN.
A NEW ZEALAND CONTRACT.
PAYMENT OF £4,000,000 MADE.
{United Press Association—Copyright.) (Received This Day, 10.25 a.m.) LONDON, February IS.
Responding to a toast at the Imperial Trade Warrant-holders’ dinner, Mr W. Nash disclosed that he signed a contract, on behalf of New Zealand producers, with British shipping companies, to which £4,000,000 had been paid on account of New , Zealand’s trade. Such arrangements depended on reciprocity and co-operation in the fullest sense.
ANNUAL SUM OF £3,600,000.
FOR REFRIGERATED TONNAGE
(Received This Day, 11.0 a.m.) LONDON, February 18.
Elaborating Mr Nash’s statement regardiing the trade agreement, the New Zealand Office informed the Australian Associated' Press that Mr Nash signed a contract for three years at an increase of 2£ per cent, in freight rates. It is estimated that £3,600,000 per annum is involved on a tonnage basis for the transport of refrigerated foodstuffs on British ships. This is apart from freight payments in wool and other lion-refrigerable cargoes. Mr Nash emphasised that in the period 1932 to 1936, four Dominions increased the value of their purchases from Britain by £47,000,000, while the increase for the whole of the North of Europe was £17,000,000.
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Bibliographic details
Ashburton Guardian, Volume 57, Issue 110, 19 February 1937, Page 5
Word Count
196SHIPPING PRODUCE Ashburton Guardian, Volume 57, Issue 110, 19 February 1937, Page 5
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