Doubts Expressed In Manchester
(Special Correspondent N.Z.PA-) LONDON, March SThe establishment of a cotton spinning, weaving and finishing plant at Nelson would be likely to have serious effects of British textile producers and exporters who had traditionally held an important share of the New Zealand market, says the “Guardian’s” commercial editor. “It is difficult to see how New Zealand, with its high labour costs could compete successfully with Japanese, Hong Kong ot Indian cotton textiles, either i® its own home market or i® international trade. “It seems possible that th* trade barrier will have to b* raised if the mill is to be assured of satisfactory domestic outlet for I its production,” he adds.
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Press, Volume XCIX, Issue 29145, 4 March 1960, Page 12
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114Doubts Expressed In Manchester Press, Volume XCIX, Issue 29145, 4 March 1960, Page 12
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