MANUFACTURERS’ FEARS

Manawatu Standard, Volume LII, Issue 226, 24 August 1932, Page 12

MANUFACTURERS’ FEARS

RESULTS OF OTTAWA DECISIONS. CHRISTCHURCH. Aug. 22. The manufacturers,” .said Mr E. L. Hutchinson, a past-president of the Canterbury Manufaetureres’ Association, commenting on the Ottawa agreements, “are only too gliul to see something done to help the primary producer, but it is a terrible thing that the manufacturers, and all that they stand for, should be sacrificed to that end.”

Mr A. 0. Wilkinson, president of the Canterbury Chamber of Commerce, expressed pleasure at the fact that an agreement had been reached among the Dominions and Great Britain. The fact that the various parts of the British Empire had obtained each other’s point or view was all to the good, and the success of the gathering augured well for the World Economic Conference in London.

“The significance of the agreements at Ottawa will not be apparent until the details are published and there is time to examine the effects of the concessions,” said Mr I. Woolf, another past-president of the Canterbury Manufacturers’ Association. “The fact that the New Zealand tariff has been based upon revenue production rather than protection to manufacturing industries places this Dominion in a most favourable position in its negotiations with Britain. There is also the fact that our exchange is lower than any of the large British territories.”