Hauraki Plains Gazette With which is incorporated THE OHINEMURI GAZETTE. Motto: Public Service. MONDAY, WEDNESDAY, FRIDAY FRIDAY, AUGUST 21, 1931. THE NEW ZEALAND MARKET.

Hauraki Plains Gazette, Volume XXXXII, Issue 2765, 21 August 1931, Page 4

Hauraki Plains Gazette With which is incorporated THE OHINEMURI GAZETTE. Motto: Public Service. MONDAY, WEDNESDAY, FRIDAY FRIDAY, AUGUST 21, 1931. THE NEW ZEALAND MARKET.

A PRACTICAL contribution to what constitutes a very important question in Great Britain —that of the possibilities of an expansion of trade with the Dominions —is being made by the London bankers, Messrs Erlangers, Ltd., with the publication of a series of treatiess compiled by Mr Harold Carvalho on the manufacturing industries of the British Empire overseas. The fourth of these deals with industrial activity in New Zealand, and, with its excellent statistical graphs, comprises a valuable survey of the trend of manufacturing in this coum try. Of New Zealand.. industry Mr Carvalho has nothing but good to say, and he,remarks particularly upon the sanity with which manufacturing has been developed. He estimates that 87 per cent, of our manufacturing-' industries is of direct benefit to the primary producers of the country, either in elaborating raw material, ■supplying essentials for production, or. performing social services of a purely local nature. “The other 13 per cent.,” he adds, “may be said to be the offspring of an aspiration to' become a manufacturing nation. There are few agricultural countries in the world which have shown such common sense. It will be seen that the manufacturing industries have 'made steady progress since 1880, but they have grown by natural means, as a human being grows from infancy to adolescence. The war may have given New Zealand better prices for produce and stimulated the purchasing power of her people, but it did not seduce her leaders into becoming protagonists of freak industries.” Referring to the effect of the world depression upon the Dominion, Mr Carvalho is equally reassuring.' He notes with approval that the necessity for reducing • in-/ ternal costs through wage reduction' has been met; and, predicts that “unless the impossible happen and any one of the * political parties put self interest before State interest . . . the Dominion should weather almost any storm.” The purpose of this careful survey is to apprise British manufacturers of the special needs of the dominions in manufactured goods and to suggest how ma rkets/may be extended., -Afterreviewing the preferential tariffs which New Zealand allows Great Britain, Mr Carvalho concludes that the Dominion places no stumbling block in the way of British industrialists in the shape Of unduly high protectionist tariffs, and that ‘if in view of the truly Imperialistic treatment which is accorded to her by the Dominion of New Zealand, Great Britain cannot make headway, then the British manufacturer has no one to blame but himself.”