PRODUCE FREIGHTS

Greymouth Evening Star, 19 February 1937, Page 2

PRODUCE FREIGHTS

NEW CONTRACT SIGNED. [BY CABLE —PRESS ASSN. —COPYRIGHT.] (Reed. February 19, noon.) LONDON, February IS. Responding to a toast at. the Imperial trade-warrant holders’ dinner, Mr. Nash disclosed that he had signed a contract on behalf of New Zealand producers with British shipping companies, to which .£l,ooo.(Kit) would he paid on account of New Zealand’s trade. Such arrangements depended on reciprocity and co-operation in the fullest sense. , Elaborating Mr. Nash’s statement on the trade agreement, the New Zealand ollice informed the Australian Associated Press that Mr. Nash had signed a contract for three years at 2A per cent, increase in freight rates. It is estimated that £3,G00,000 per annum is involved, on a tonnage basis, for the transport of refrigerated foodstuffs in British ships. This is apart, from the freight payments on wool and other non-refrigerable cargoes. .Mr. Nash emphasised that during the period 1932-36 the four Dominions increased the value of their purchases from Britain by £17.000.000. while the increase for I lie whole of North Europe was only £17.000.000. Mr. Nash visited the Ariel works, at Birmingham, where he was originally an office boy, and rose to be chief of the costing department. He talked with old employees. Later, he was the guest of the Birmingham Chamber of Commerce, at a private dinner.