COLOMBO PLAN CONFERENCE

Press, Volume XCVII, Issue 28742, 13 November 1958, Page 7

COLOMBO PLAN CONFERENCE

Mr Nash’s Views On Trade

fN.Z. Press Association— Copyright) (Rec. 10 p.m.) SEATTLE, November 12.

The Prime Minister of New Zealand (Mr Nash) told the Colombo Plan conference today that his country was in a position to sympathise with those countries in South and South-east Asia whose terms of trade had deteriorated in the last year. He said falling export prices had not been confined to the Colombo Plan region. New Zealand. which was especially dependent on foreign trade, had also suffered.

New Zealand’s experience had shown that if full employment was to be preserved and economic disruption avoided, adjustment to development plans and reductions in rate of imports must be planned and implemented with great care. “Adjustment can be made much less painfully if there is a flexible source of external capital with which to finance the transition.’’ he said.

Ail Out Of Step The president of the New Zea land Society for Closer Relation with the Soviet Union. Professo 11. Winston Rhodes, made thes< comments about the Soviet writci Boris Pasternak, at a meeting ii Wellington last night: “I thin! the Nobel Prize people wen wrong in awarding the prize b political motives. I think he wa wrong in accepting it—he couh have refused by saying: ‘Maxin Gorky did not get it, so wh; should I?’ I think the Guild o Soviet Writers was wrong in ex polling him. Everyone wa wrong, even the papers which re ported the incident.” —(F.0.0.R.

Capture by Police Dog. -Smart work by the Invercargill police dog. Ajax, brought to an abrupt end the period of freedom for a youth who escaped from the borstal institution about 9.45 a.m. yesterday. The youth, David Rennie Sutcliffe, aged 16, was tracked by the dog to the sheep i pens in the Invercargill show grounds.—(P.A.)