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Hokitika Guardian, 28 April 1939, Page 4

The decision of the Minister of Finance to proceed to London forthwith, is a wise one in all the circumstances. Mr Nash’s main objective is to discuss and explain the import regulations in quarters which are showing alarm at the action, and reprisals are talked of. In going to the fountain ■.head of any main objections, the course taken is both wise and courageous. In a broadcast on the subject on Wednesday night, Mr ' Nash gave a fuller insight into the restriction proposals, and presented his case fairly fully. He admitted tTie dislocation which would arise, hut considered compensating alternatives of more internal industry would in time right the position. He did not expect that to be achieved very quickly, for he spoke of twelve months or more being required for the purpose. But, doubtless, there will be other factors than trade counting in the matter. Another object of Mr Nash’s visit to London is to arrange to meet a heavy loan liability falling due in January next. This amounts to over seventeen millions, and as London funds, are .not accumulating substantially as. yet, his task will be the harder.- Mr Nash promises to return in about three months* time, which appears .very limited for the tasks, to ...bp-, .accomplished:'Nevertheless, Mr Nash’s former visit must have familiarised thim with the whereabouts. of the financial interests in London, and he will be able to g° directly to bis task. Doubtless, too, much of the ground will be prepared ahead, so that hard-worker as he is, he will do his best to aphieve results within the time-limit h e has set himself. The Minister spoke hopefully of the success of the .'financial policy he has shaped, taking a special cue from the number of new industries starting up or extending. However, the country can do with them all, and with the perseverance going forward in that direction, patience in the matter will be rewarded, soon with evident results as desired. ,