WAR IN PACIFIC

Press, Volume LXXIX, Issue 23917, 8 April 1943, Page 3

WAR IN PACIFIC

UR IDIOTS WARNING „WE JJnnot afford TO SLACKEN” ~ WELLINGTON, April 7. %, e Japanese will, in my opinion, ht harder when they know they are tr e t0 lose, and therefore it is imesfnt that people should not get the war. We cannot afford to fipn” said the New Zealand Minify to the United States (the Hon. ifwash) in an interview to-day. the Atlantic Charter, Mr S said he was satisfied that the ’viinles of the charter were inside rnoiicy of the United Kingdom with rare* 14 the future government of all 1 iS-VJtfl was responsible for. to achieve higher living jjndards not only in our own counhut in all other countries, particuSlv those in the Pacific, then it is hlus that we have to find a way of .hanging the resources of the various Entries, ’’ said Mr Nash, replying to ouestion about post-war trading de'lopments. This would mean an excision of trade to a hitherto unLaht of degree. "sneaking of his mission in Washingin Mr Nash said that what had been Zne by the New Zealand Government Siing the last seven or eight years in lls country and what had been done w New Zealand’s fighting men had lie his task easy. He had had only Stalk of what had been done by the L Zealanders in Greece and Crete in other operations, of the fine perLances by the Achilles and by New Mland airpien, and of New Zealand’s Ljal security scheme, and New ZeaMd was right at the peak of publicity ijthe United States. Mr Nash added that he was glad to he back in New Zealand, and when isked if he would like to go back to Washington replied: "That, is somelung to be decided by the Prime Miniler and the Government.” Referring to financial questions, Mr fch said that both Britain and America had plans for international lurrency. Quite long research work ind discussions had been proceeding in tendon on international currency. The (mericans had ideas of their own ibout stabilisation, and according to a jeent wireless message the United ilates Secretary of the Treasury (Mr iMorgenthau) had revealed minor flails of that plan. Mr Nash said he ad the full plans, both British and Imerican, and would discuss them fcith the Government.

[Asked what the relationship would be Wween New Zealand currency and Wing if exchange restrictions were mpletely removed, Mr Nash said it

as obvious that in the changed conilions of New Zealand trade and New inland's currency and balances, the went rate as between the United Sngdom and the United States was ot the rate that would be determined j old procedures. It was almost corict to say that no exchange rate toll was in accord with measures used jfore the war. It was obvious that Wssions should take place soon to temine how the maximum exchange (commodities could be achieved info some exchange procedure satisfac--17 to all parties. He said that confer«es would take place soon on that object.