WHAT IS WANTED

Evening Post, Volume CXVII, Issue 112, 14 May 1934, Page 12

WHAT IS WANTED

TRADE WITH THE EAST

The Queensland Trade Delegation, which recently visited the East, has reported to the Government that there is little prospect of any early or substantial increase in the sale of Queensland commodities. There are possibilities of a new or increased tracje in hardwood, leather, raw cotton, coal, fresh fruit, dried meat, dried and other fish products, and wool. For the present such development must be limited, and must face keen competition and comparatively low prices. The trade which Australia has enjoyed with these countries for some years had been confined mainly to foodstuffs, states the report. The delegation believes that because of the determination of these countries to develop their natural resources and the competitive power of Japan, this trade must gradually diminish, except perhaps in certain items. As Australia could not compete with Japan and other countries in the manufacture of soich goods as railway and public utility equipment, machinery, iron and steel, motor-cars, and textiles, her trade must be restricted to new or extended trade in raw material, and to some degree in foodstuffs.

Applications are coining in for shares in the Upper Ahaura Gold Dredging Co., Lta., which is to dredgo for gold on the Ahaura Eiver, West Coast. The main north-south lead crosses tho river and on tho boring to date excellent dividends ara assured. Make applications for shares, or a prospectus, to the Issuing House of N.Z. Ltd., Brandon House, P.O. Box 934, or to any member' of any of the New Zealand Stock .Exchanges.—P.B.A.