TAKE-OVERS IN N.Z.
Labour Party Remits (NJS. Press Association) WELLINGTON. May 9 The Labour Party conference today called for an investigation into mergers with a view to preventing mcmopolv growth. The conference • also accepted a recommendation that in the event of take-over by overseas interests of a New Zealand company control be retained in New Zealand. It also recommended investigations into the price of meat and foodstuffs, profit margins allowed to importers and wholesalers in the cotton goods and clothing industries, the prevention of competition in the field of imported articles and the prices paid to people in New Zealand's island territories for their produce
It reaffirmed its belief that there should be an industrial finance corporation The sonference also accepted remits calling for more trade missions exploiting New Zealand's forest potential in Asian markets, and a comprehensive survey of New Zealand’s mineral resources. V
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Press, Volume CI, Issue 29818, 10 May 1962, Page 16
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145TAKE-OVERS IN N.Z. Press, Volume CI, Issue 29818, 10 May 1962, Page 16
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