RESTRICTION OF IMPORTS.
The exportation of scrap metal to Japan has become so well established a feature of New Zealand's external trade that a sudden reduction in demand has serious repercussions. The "position is now that special permits have to be obtained from the Japanese Government before further shipments may be sold in that country owing to the uncertainty of finances. The Finance Department- of the Japanese Government is giving out letter* of credit for the purchase of scrap steel, and those importers who meeive them can obtain no more. At the present time there are several vessels being broken up in New Zealand r.n.la] an. and < arc exprc- .in:: LOiici-ni ovor the altered piwiti >;i.
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https://paperspast.natlib.govt.nz/newspapers/AS19370703.2.108
Bibliographic details
Auckland Star, Volume LXVIII, Issue 156, 3 July 1937, Page 12
Word Count
116RESTRICTION OF IMPORTS. Auckland Star, Volume LXVIII, Issue 156, 3 July 1937, Page 12
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