‘Mutual Benefit Wanted By Aust.’

Press, Volume CIV, Issue 30687, 1 March 1965, Page 1

‘Mutual Benefit Wanted By Aust.’

(Special Correspondent N.Z.P.A.)

MELBOURNE, February 28.

The Australian Government wanted to ensure that the proposed trade agreement with New Zealand was absolutely beneficial to both countries, New Zealand’s High Commissioner to Australia (Mr J. L. Hazlett) said last night.

ment has assured me on numerous occasions that they want an agreement which is not harmful to any section of the community in either country,” Mr Hazlett said. He added that the New Zealand tourist mission now

The people of New Zealand could rest assured that neither country would obtain an advantage over the other should the trade agreement eventuate. “The Australian Govern-

visiting Australia provided a good example of how both countries could co-operate to their mutual advantage. New Zealand’s and Australia’s international airlines had joined together to assist the mission to the fullest extent and as a result New Zealand Lad already gained considerable favourable publicity in newspapers, radio and television. Mr Hazlett said there was genuine Australian interest in New Zealand’s economic welfare and tourism could make a big contnbution towards adjusting the present imbalance of trade between Australia and New Zealand.

AUSTRALIA would lose much if Britain controlled the flow of capital abroad, says the Associated Chambers of Commerce journal. Controls would impede Australia's industrial development, because 56 per cent of overseas investment in Australia was from the United Kingdom, it said !