BUILDING HELD UP.

Auckland Star, Volume LXX, Issue 191, 15 August 1939, Page 11

BUILDING HELD UP.

STEEL SUPPLIES LOW.

IMPORT RESTRICTIONS , RESULT

(By Tele?rai>n. —Own Correspondent.) DL'XEDIX, Monday. The con.-tru•T.'oii of several building* in Dv.nediu is being seriously hampt-re I because of the rlu-rtape of steel supi pliet-. Tills position is %'ie result.of import' restriction*, and it is causing in- ' I'limcuieuce not only to building con- : trat-t":- but also to engineering firms. Tl-.e attitude adopted by the Government w delaying industrial developmein to a degree where contractors tendering fin- jobs are enforcing conditions in their j terdeis to protect themselves against j the possibility of delays in obtaining licenses to import and in actual delivei ies. i "Tne trade gap that exist? between Xew /Cea'and and Australia seems to (be wideiiina." .-lnunented an import' ! to-day. '"Km'ii th'".iuii the i , I jiavi , li-.Tir-t'S In , lure constructional >te .•an Iμ- b-ouy'.it into tiiis i-miutry i> th j la-i- ••! iht , iriiuliU*. those in control i: ! thi« iiiilu-try aiv :i-u r, ..ting it by fu.- ■ liiSiir; i'"<l< - tii.it '.'.aw ft-Hnwed th>»; ] ;'.■.: ■'. 1- ■ i.. : ::." Hi" a.Med that liu- : !i:-ukt>n liii i'i'i:i iflJirv Company, l.ii:i!ti-il. li.ul -lipplied ni(i-t of the Xcw J ■' alart! >.■■.■.|iiiri-:m>uts in the jiast. With ■ tlic ad\ent of t!.e import restrictions : and tin , introduction of exchange control, the company refused to consign orders to the. Dominion unless immediate payment was made. This was an instance. he said, of the suspicious view taken of the financial policy.