COMMERCE CHAMBER.

Auckland Star, Volume LXV, Issue 277, 22 November 1934, Page 16

COMMERCE CHAMBER.

OFFICIAL STATISTICS. TRADE WITH AMERICA. When the Hon. R. Masters comes back from Australia, the Auckland Chamber of Commerce proposes to take up with him the question of official statistics, which it is contended are misleading, because of the practice of expressing exports in terms of New Zealand cur-

rency and imports in terms of overseas, pounds. The practice of adding Australian to English pounds without allowance for the fact that these are essentially different units will also be discussed.

It was decided at to-day's meeting to recommend that the possibilities of U.S.A. as a market for New Zealand dairy produce, meat, and, to a lesser degree, wool, would be greatly increased if the U.S.A. tariff barriers were lowered, and that the present situation, as evidenced by the adverse trade balance between New Zealand and U.S.A., suggested that the United States tariff policy was more hostile to New Zealand than New Zealand's policy towards U.S.A., but that there was considerable margin under the new New Zealand tariff for a reduction of the duties on foreign goods in favour of U.S.A. manufactures.

It was decided to point these matters out in a letter to the Minister, Mr. Masters.