N.Z. TRADE WITH CANADA

Press, Volume LXXXV, Issue 25796, 6 May 1949, Page 7

N.Z. TRADE WITH CANADA

“IMMEDIATE INCREASE HARDLY POSSIBLE”

MR THORN SPEAKS IN TORONTO

(N.Z. Press Association—Copyright) (Rec. 9 p.m.) TORONTO, May 4. “Any substantial expansion of New Zealand’s trade with Canada in the immediate future seems hardly possible,” said Mr James Thorn, New Zealand High Commissioner in Canada. to-day. when he addressed the Ontario division of the Canadian Manufacturers’ Association. “I regret this because, from my almost continuous association with the United Nations over the last 12 months, one of the conclusions I have drawn is that an aim for all the people in our Cofnmonwealth is its economic health and strength and moral power, and trade should serve this aim. “It is better, though, to see our problems in the light of facts, and to exercise our common sense and goodwill to discover solutions that will bring happiness and prosperity to all.” Mr Thorn said that New Zealand’s economy was built on sales to one main market—Great Britain. In 194647, New Zealand bought from Canada 34,000.000 dollars’ worth of goods more than she sold to Canada. Since then, because of the scarcity of dollars, New Zealand had been forced to impose heavy import restrictions on commodities which required dollars for payments.