Import controls
Sir, — The suggestion that import control is essential to New Zealand prosperity is not a scheme to defeat free trade, nor is it a socialist plot, as some imply. It is a protection to ensure that the country lives within its income. The ultimate folly of no control on overseas spending is reached when export earnings are only sufficient to pay the interest on overseas debt. At that point no more imports are possible and unemployment is at its maximum. To avoid this path of trade negation, import control can ensure that overseas earnings are used to the maximum advantage, while interest and debt payments are minimal. The present economic chaos is largely the result of uncontrolled spending. To advocate more of the present failure, with even less control as the extremists suggest, makes no sense at all. — Yours, etc., J. SHARP. April 19,
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Press, 23 April 1984, Page 14
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146Import controls Press, 23 April 1984, Page 14
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