LICENSE SYSTEM.

Auckland Star, Volume LXX, Issue 193, 17 August 1939, Page 5

LICENSE SYSTEM.

EFFECT ON TRADE. CONDEMNED BY CHAMBER. " MAKING MEN DISHONEST." t | I hi— pj stem i.-. making honest men jii«'t disho neatly." stated .Mr. .1. A. C. j Alliim a t a meeting of the Auckland | ( hamlier of ( ominerce to-day. referring to the restrictions which now made it impose il.],. for many importers to meet then- obligations for goods landed. Mr. Al l ii in stated that when licenses "en- issued everyone concerned acted in '"'tli. (Joods were ordered from overseas in accordance with the licenses and were dispatched to Xew Zealand However, since July 20 onlv those ""porters who had been drawn on through the batiks had been able to meet their obligations, provided the amounts did not exceed £1001). Those traders who operated on open account n °t l>een permitted to remit. I he chamber decided to forward the following remit for the Associated l ham tiers of Commerce conference: "As inipoit licensing is irksome, complicated and costly and has proved ineffectual and unnecessary for its intended purl" ,a c. the limiting factor being the volume of Xew Zealand credit overseas, it should now lie abandoned and the control of exchange left in the hands of the trading banks."