EMPIRE TRADE

Gisborne Times, Volume LXXI, Issue 11323, 29 September 1930, Page 5

EMPIRE TRADE

REPORT BY .ECONOMIC RE / SEARCH COMMITTED

FOREIGN TRADE- NOT TO RE BARRED

SUGGESTED ARRANGEMENTS

(U.P.A. by Elec. Tel.- Copyright) (Received ,Sept.: 28, 5.5 p.m.) LONDON, Sept. 27

“We do not visualise a Chinese wall found the Empire; entirely excluding foreign trade”, writes Lord Melcliett in a preface to the. InterImperial trade report issued by tho Empire' Economic Union Research Committee. “AA 7 e definitely hold the view that an overwhelming case exists for the special stimulation of in-ter-Empire trade.” h

± r The report. suggest*; trade arrangements between Britain and the Dominions, involving this Dominion’s imposition of a twenty per centum tariff against foreign goods. suggestions for increased inter-Empire trade include : :

(1) An Imperial parcel post service.

(2) The Treasury’s recommendation that issuing houses of overseas loans should see that the loans arc intended to benefit British industry.

(3) The possibility of inter-imper-ial currency and the creating of an Imperial economic secetariat.

Tho report is signed .by Col. Amery, Lord Lloyd and others. •

NEAV ZEALAND AND' CANADA

TARIFF WAR NOT DESIRED

(U.P.A by Elec. Tel. Copyright) (Received Sept. 28, 5.5 p.m.) LONDON, Sept 27

Mr Forbes, Prime Minister of New Zealand, has been discussing the question of New Zealand exchange rates, which are the same ns Australian, though New Zealand has no adverse balance of trade. He said the banks apparently found great difficulty in differentiating between the rates owing to the close finan-. rial relations between New Zealand and Australia. Mr Forbes states that he conversed with both the Canadian Prime Minister and the Minister of Commerce regarding preference for New Zealand butter. Tie pointed out that New Zealand’s concessions outbalanced Canadian concessions upon the total inter-Dominion trade. Mr Forbes assured Premier Bennett that New' Zealand did not desire a tariff war and it was agreed.to continue the discussions in London.

(U.P.A. bv El pc. Tel. Copyright) OTTAAYA, Sept. 27

Now Zealand was Canada’s best overseas market for automobiles in 1929. AVith Australia, she accounted for 33 per cent, of Canada’s automobile exports. The ifotal exports to New Zealand were more than 5,600,000 dollars and to Australia more than 3,500,00 dollars.

WHAT AYTLL BE CONFERENCE'S

ATTITUDE?

(U.P.A. by Elec. Tel. Copyright) (Received Sept. 23, 5.5..p.m.) LONDON, Sept. 27. The Daily Herald’s. Imperial Conference correspondent, possibly foreshadowing the attitude of the Labor Government, says;—

“The Imperial Conference is likely to give quietus to Empire Free Trade. Hiere is room for improvement in tradng methods within the Empire; for an enormous increase in marketing efficiency; for closer association of business interests and more flexible efficient financing of inter-imperial trade.”