POST-WAR TRADE

Grey River Argus, 20 April 1945, Page 5

POST-WAR TRADE

NEW YORK, April 18. Doctor Howard Whidden, New York State Chamber of Commerce economist, said: —With revivified enthusiasm existing in Britain for the Ottawa system of imperial preference agreements, the United States must take early and decisive action for the rebuilding of a world economy based on the principle of equality, Canada and South Africa possess serious doubts about advantages of the imperial preferences, and they arc veering towards the American viewpoint. In Britain however, as a result of political and economic changes brought about by the war, there is probably more support for the Ottawa system than there-was in ,1939, when enthusiasm waned after Britain realised that all the concession that dominions might offer would never add up to a market .sufficiently large to absorb British industry’s output. British industrial leaders at’ present apparently are counting on a maintenance of the Ottawa system to provide a secure, even if a limited, market. Australia and New Zealand are firmly wedded to the Ottawa system, and the greater number of British colonies would be dismayed at its sudden liquidation.

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