QUOTA TO NEW ZEALAND
HEAVY OBLIGATIONS
DEVELOPING COUNTRY
CHAMPIONS OF DOMINION
United Press Association—By Electric Telegraph— Copyrisht. (Received July 27, 10 a.m.) LONDON, July 26. Speaking at the luncheon after the auction sale of New Zealand fruit, Mr.. Masters said that New Zealanders felt the imposition of quotas in a young developing country like theirs and it would create great hardship in view of their heavy obligations for loans to Britain. "If quotas have to be imposed," he said, "New Zealand felt that there should first be more substantial quotas imposed on foreign countries supplying the British market. Half New Zealand's imports came from Britain and another quarter from the rest of the Empire. Having disclosed these facts, I feel in good form to meet Major Elliot and discuss quotas.'" (Laughter.) Sir Thomas Wilford pointed out that while New Zealand in 1929 was able to pay her interest to Britain with the proceeds of the sale of her wool, she'now required all her wool and half her butter exports. J
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Bibliographic details
Evening Post, Volume CXVI, Issue 23, 27 July 1933, Page 11
Word Count
170QUOTA TO NEW ZEALAND Evening Post, Volume CXVI, Issue 23, 27 July 1933, Page 11
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