ALTERNATIVE MARKETS

Evening Post, Volume CXVIII, Issue 14, 17 July 1934, Page 13

ALTERNATIVE MARKETS

(To the Editor.)

Sir, —The embargo, oh beef and veal has focused attention upon the English trend of self-sufficiency. Any student of economics will Bee tho basis under-, lying the attempts to stimulate British agriculture. These are an everdecreasing share in the world trade in industrial products and a rising population. England is therefore ifaced.with tho-1 necessity of feeding a 1 larger'"proportion of her people on the 1 product of her own agriculture. The immediat.o -effect of this will be to check New Zealand's increasing productivity, to decrease the local standard of living, and to place us in a position where default becomes inevitable. ■, ■

There is, however, an easy way out. The other industrial nations of the I world are particularly in need of the raw'materials of which we produeo such a, large : exportable surplus. It is, I am convinced from experience abroad, merely a matter of political arrangement with the industrial lobbies which "dominate Japanese, American, and German politics to/have these markets opened to us on most favourable terms. Sooner or later the New Zealand Government will have no alternative but to make this approach. America would seem-the most suitable for our purposes. I know .that ■pur boneless veal output eoiild "be absoibedon the Pacific Coast of U.S.A. at enhanced- prices to what we now Teeeive.—l-have personally sold three-day-old calves in the Los Angeles stockyards at prices varying from £1 to £2 per head, according to size. If this policy was consistently followed out it would transfer some of that gold in Wall Street back to London per medium of our interest payments. —I !am, etc.,

NEW ZEALAND FIBST,