INFLATION RESENTED

Evening Post, Volume CXXV, Issue 80, 5 April 1938, Page 14

INFLATION RESENTED

FEELING IN BRITAIN

EXCHANGE AND TARIFFS

(From "The Post's" Representative.) LONDON, March 12.

Resentment against the raising of the exchange'rate by New Zealand and Australia 'still -; exists in the United Kingdom, according; 'to Mr. Gainor Jackson, of Auckland, a former, president of the Chamber of Commerce in; that city. That,feeling Mr. Jackson described as,."particularly strong' in the Midlands and in London. New Zealand especially was blamed, he said in fait interview, because, unlike Australia? the Dominion's inflation was arbitrary and unjustified.. . Resentment was growing, too, against the tariff position. British manufacturers expressed < the fear that New /Zealand would be forced to raise tariffs to protect home industries if hours of work were reduced and wages increased. QUOTA OR DUTY? It seemed practically certain, that if this were done, Britain would put a quota or' duty on primary produce entering ,the country from* the Dominion.' Mr. Jackson said he had heard the High Commissioner, Mr. W. J. Jordan, defend New Zealand's adverse trade balance with Britain remarkably well at a British Industries Fair dinner recently. csßut there were some facts he could not explain. New, Zealand could not afford to alienate British sympathy. Some had been. quoted as saying on the Dominion recently that if Britain put a quota on our products we should be obliged to seek "alternative markets." It was an unfortunate expression. "Additional, markets" was a much happier phrase and less likely to be misunderstood in Britain. Mr. Jackson, who came .to England via America,' Said he had ( found "trade, and commerce in Britain on a much sounder foundation than in the United States. It was not subjectfto the same hysterical upsarid downs, he.said, and the "recession"' :ih<England v was much smaller than Jn; America; S;i Mr. Jackson; left i London-, on an extended business tour of :the Continent. j Before leaving he broadcast his impressions of .the,• British IndustriesFair from Dayentry.: '■■/■■ ; He will return ■to England in-April and expects to leave'for New Zealand, na America, at the end of May. , :