MODERN TRADING
Government Interference By Telegraph—Press Association WELLINGTON, Feb. 26. A reply to criticism that the Government was increasingly interfering in business was made by the Minister ol Industries and Commerce, Mr R. Masters, in an address at the annual meeting of the Wellington Chamber of Commerce to-night. Government interference in modern world trade was necessary, he said, and was a tendency becoming more and more pronounced, whether they liked it or not. The Government had no wish to see Government departments competing in private business, but the whole position of their relation to business had changed during the last few years. Politics and trade were becoming more intertwined month by month. He predicted that governments would be taking a larger part in trade and commerce in the future. Mr Masters criticised Australia s policy of dealing with unemployment by borrowing and the heavy subsidising of industry with loan money, and considered New Zealand’s more conservative programme on sounder lines The Government here was dealing with the situation without adding a penny to the national indebtedness.
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Bibliographic details
Hawke's Bay Tribune, Volume XXV, Issue 64, 27 February 1935, Page 9
Word Count
176MODERN TRADING Hawke's Bay Tribune, Volume XXV, Issue 64, 27 February 1935, Page 9
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