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CONTINENTAL RUBBER COMPANY.

GERMAN SITAREHOLDERS. THE GOVERNMENTS POSITION. At a council meeting of the Wellington C-hamher of Cumuwreo held y.-stindsy reference was inr.de to the. position in j New Zealand of the Continental Rubber I Company. It was. stated at the meeting j that practically all the shareholders in the company were (loimaiis. and that per- J haps unconsciously the Government wer-e ; assisting a foieign organisation to gain j profits .'n New Zealand. Similar matters ; were before the law con its, bul members ; expressed them-elves as not at all sure j that the question was .-oltled. j The Secretary read to the meeting a j letter sent, to the chamber by Mr A. R. j Hislop, agent, for rubber nirawufacturers in Wellington. The letter was as follows : The action of your live chamber in discussing the Continental C. and G. Rubber Company and their methods was very much appreciated by my firm, and we heir to lender the chamber our sincere thanks. An extraordinary thing has happened in the receipt of a circular which was ]iost<<l direct to us. and {.peaks for itself. The position is that ouv Biitis.h principals find themselves in the position of having a.s competitors in. tiicir business the Government of New Zealand i hi..ugh their Public Ti -est Office, which i« not'only •' trading with " but is actually ailing as agent fur the enemy. It seems to us such an extra r.idinary position that we aie sending the enclosed letter to ;;■ number of our British princioals. including the Shrewsbury and Chailii'ci Tyie Com| aViy._ Manchester, to advise the'in of the position. The eiieular relet red to in Mr Ilislop's letter was. as under : - - In teinitt of the War lie'libit ions Act. IS'l-I, iu:d t>u- -•ri.-ahitmns im.A- tl,*-. ,- undej. tile Attorney-General has by warrant appointee, the Public Tiustec as the ccntioiior of Hie ('iintinontal C. and G. Rubber Companv. Limited. This empowers the Public Tiuatee. a.s eoiilrolh'!. to cany on the business of the company, and as it is expedient so to do, he 'will accordingly carry on and use the present mre-hineiy for the company for the purpose, the control of the conipenv being thus m the hands ot the Government. 'Von may theicfore continue to do business, with them as heretofore. T .-hail bcplea.-ed it you will lentil orders to the manager of the companv. or to me direct. t'Sigiied) The Public Trustee, nv T 1). Kendall, local Deputy Public Trustee. Ohristohurch. In his letter to his British piincipals .Air Hislop remarked :-- It teems to us a monstrous thing that, whilst we aie doing all in our power to secure New Zealand hade for the British, manufai turers. the Government of the day should lake upon themselves to run "a German concern in opposition to our British print ipals, especially in view of the fact that our members ot ' Parliament, have "xpiessrd themselves in favor of an all-British trade, and Ministeis themselves profess to urge New Zealand merchants to push lor orders to keep ~ur own manufacturers busy in the ilonic Laud. It appears to us th it the particular German company referred te must have had niside information with veL'ard to the prospects ot war, fos we muhu stand on good authority that theie are stocks of Continental tvres made in Germany in New Zealand sufficient to meet the demand for two vears. and it seems out of all reason that the Government should act as sehinf agents for a German firm in oppost- ■ Hon to the diver", representatives of outBritish mair.ifac'urens. A\«> teel it our dutv to report to yourselves, and also to ' other British manufacturers, and trust that something may be done to Fton this "trading with the. enemy, even though it is through the. Government of our own fair and loyal country. Discussing the communications a member of the-" council said that the Prime Minister had suited that the. Public i rustee was merely holding the money which would not reach the enemy. Mr Hislop s letter however, had tome, justification. Another member remarked that the Government eould have, either held the. ,-,oc-rl,s desteovod them, or disposed ot rhnn'nv selling them and l«*P>»g tl,« money in the country. 1 hey had chosen the last course. There should be no "howl from the tiade'" unless pines were

* "\']r \. Edwards said that a similar case had been brought ur.-dcr his notice It n-i« toother company with a huge ' He would say nothmg about it. howev.r. til! If was sure o. u,e lacs O'ber mernh-'Tfi commented on the tact that the Continental Company had only paid licence f-es on a. nominal capital ol £5 000 be.t its annual turnover was over £200.000. Not only in this ca.e but in th;„ „f other companies such a loophole to escape taxation v,ns considered uuiair.

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https://paperspast.natlib.govt.nz/newspapers/ESD19150119.2.14.6

Bibliographic details

CONTINENTAL RUBBER COMPANY., Issue 15704, 19 January 1915

Word Count
798

CONTINENTAL RUBBER COMPANY. Issue 15704, 19 January 1915

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