INVESTMENT TV N.Z. INDUSTRY

Press, Volume XCVIII, Issue 28801, 23 January 1959, Page 13

INVESTMENT TV N.Z. INDUSTRY

U.S. Businessman’s View

fivew Zealand Press Association) WELLINGTON, Jan. 22. New Zealand’s changeable . political climate was a factor taken into consideration when overseas countries were coauldering investing here, said Mr Alonzo B. Kntglrt, ,«* Chlggo; He said that business in New Zealand was very susceptible to political changes. "One day you have restrictions keeping overseas goods out, the next day there are no restrictions and a flood of imported goods which can put local manufacturers out of business.” he said. His corporation had not considered investing hqre. "But, at this point, we are beginning to consider investment and the Government attitude will influence us,” he said. Mr Knight mentioned Australia as • country where the Government had created a "benign” climate for overseas Investors. The Borg - Warner International Coloration .handles all the overseas operations of' the American Borg-Warner grtrap, one of the huMMd largest companies in the world. BorgWarner manufactures « wide range of gooda, from bathroom equipment to ear parts. A New Zealand company makes the corporation's refrigerators under licence. , .