NEW BRITAIN-N.Z. TRADE AGREEMENT?

Auckland Star, Volume LXVIII, Issue 263, 5 November 1937, Page 7

NEW BRITAIN-N.Z. TRADE AGREEMENT?

REPORT DISTURBS. Home Manufacturers Make Inquiries. i HOLE IN OTTAWA PACT. Cntted Press Association.—Copyright. ( (.R*c*ired 12.30 p.m.) LONDON', November 4. Perturbed by reports from Wellington that the British and New Zen land Governments are negotiating A new trade agreement, whieh, it is believed, would adversely affect exports to (he Dominion, the National I n ion of Manufacturers has sent a letter to the Board ot Trade asking if the rumour is correct. The letter adds that there is a widespread dissatisfaction among manufacturers with the onc-sidcdness of the Ottawa agreements as they are at present, and any movement in the direction ot altering these, thereby increasing the turther handicap against this country, must add to their anxiety. Th<» amount of manufactured goods entering Britain from British countries is increasing, and is likely to increase further as American capital in Canada and British capital in the Kastern possessions is likely to fully use. this extraordinary privilege. It will be a serious matter to British workers, who, owing to this hole in the Ottawa, Pact, are displaced by workers in the Dominions and cheap Asiatic labour? the letter states.

STILL PROCEEDING. TRADE PACT NEGOTIATIONS. Telegraph.—Parliamentary Reporter.) WELLINGTON", this flav. Questioned to-day concerning the reports from London that the British and New Zealand Governments are negotiating a new trade agreement, the Minister of Finance, the Hon. W. Nash, said the position had not changed since he returned from England. Negotiations were •till proceeding with a view to coming to •out satisfactory basis.