CANADIAN TRADE

Hokitika Guardian, 16 July 1931, Page 3

CANADIAN TRADE

QUICK TRADE IMPETUS.

(Australian Press Association.) SYDNEY, July 15 : : The consummation of the Australian trade treaty with Canada is provoking favourable comment in both official and shipping circles. • Described as a “goodwill.:; ship,” the “Canadian Constructor” will lift a record, consignment of two hundred and fifty thousand cases of currants, raisins, dried and preserved fruits, the eastern ports of Australia on September Ist for Canada, while arrangements are now being made for shipments of Australian navel oranges to Canada. i The steamer “Canadian Transporter” is due kere on July 15. She is bringing two thousand tons, by measurement, of newsprint paper, which commodity lias received favourable treatment under the new treaty, and even larger consignments of newsprint are expected in the" near future. The liners Aoraugi " J s'ntf Niagara are both likely to benefit to a much greater extent, in the transport trade to and from Canada, in future, by reason, of their refrigerated space.

BRITISH COLUMBIA jubilation/

VICTORIA, (8,C.),. July 14. “This .is certainly great ne-ws for British Columbia,” Premier . Tolmie said, of the Australian trade treaty.. It conies at a time when most welcome., particularly so to the timber .and .fishing industries. . The sweeping chamber of the British preferential tariff which applies to a wide range of Canadian manufactures should prove a great stimulus to Canadian enterprise. Canadians should as far as practicable, assist in making a success of the arrangements by giving a. preference, formerly given to foreign countries, in their buying to Australian products. Jubilant at the success of the Trade Treaty, the. Premier, Mr’ Tolmie, today ordered, a huge flag-pole, as a gift, to ho sent to Australia immediately, and Government foresters ' are to search the woods of the province for j a tree of great height and perfect shape. It is suggested that the pole should stand at Canberra, with a tab- ' let signalising the commemoration of J tli© treaty enactment. | VANCOUVER,, July 14. j

Butter importers declare that . the effect of the trqgtv is speculative. The new rate is applicable, only when Canadian, produce supply is short. At present, Canada is exporting butter. Substantial increase in the sale of Australian raisins and dried fruits is predicted, the now tariff providing considerable advantage over the California product now ruling the market. i, ~?.r •/.‘((..VI l, , i,.1...

LONDON PRESS COMMENT

LONDON, July 15

“The Times,” in a leading article, says: “The satisfactory trade agreement concluded with Australia will encourage Canada to open negotiations to end her unfortunate , dispute with New Zealand. The treaty with Australia will be welcomed in Britain as a step in the right direction, though the regret is widespread that it is not the British Government that- is taking the lead in a movement to promote trade within the Empire.”

TREATY WITH N.Z

VANCOUVER, July 14

The “Sun” states: “Now for the New Zealand' Treaty,” to-dav became the slogan of the local 'business interests as the result of the Australian pact. Trade with New Zealand has dropped retaliation, when Canada barred New Zealnad butter. The effect has been felt in many lines, causing much concern in trade circles. The “Vancouver Star” states: The Australian trade treaty is a definite effort to remedy a situation of which Australia has long complained, and with justice. The treaty should go a long wav towards adjusting the balance of trade that has been so heavily against the Commonwealth. A new treaty with New Zealand Should be next on the programme.

CANADIAN WHEAT POLICY

OTTAWA, July 14. The Bureaux of Statistics announced that favourable weather caused improvements in the Canadian crop prospects during the past fortnight. Mr Bennett announced in the House to-day, that the Government had decided to direct purchase of two million bushels of wheat to he ground into fouc. hundred and fifty thousand bushels of flour, which would he available at low prices, with bran, in the drought areas of western Canada.