TRADE WITH CANADA

Manawatu Standard, Volume LII, Issue 246, 16 September 1932, Page 12

TRADE WITH CANADA

BIG EXTENSION EXPECTED

AUCKLAND, Sept. 14. The first substantial consignment of New Zealand produce for Canada under the new trade agreement between the two countries will be carried by tho Canadian Cruiser, which is now loading at Auckland. After discharging and loading at southern ports the vessel will leave New Zealand on September 30 carrying several thousand boxes of butter and a small amount of wool and general cargo, including hides and pelts. Most of the butter shipment will be loaded at Auckland. Particular interest attaches to the Canadian Cruiser's butter consignment in view of the possibility of reviving the large trade in dairy produce formerly carried on with Canada. Owing to the Canadian dairy season being in full swing, earlier consignments of butter have not been possible. The season is now nearing its end, and there should be a definite decrease in production.

When the Canadian Cruiser arrives at Montreal about the middle of November exporters consider that prices for local butter in Canada will then have moved forward and the New Zealand article can compete with it on an improved basis. It is- stated that there is a demand for New Zealand butter at. up to a premium of 2d on the local article.

“There lias been a definite fillip to trade both ways as the result of the new agreement,” said Mr W. M. Luke, New Zealand manager for Canadian National Steamships. “During the past few months trade both south-bound and north-bound has improved to a marked extent. There have been also more inquiries for New Zealand produce from the Atlantic Coast of the United States.” Mr Luke said lie had received a report from his Canadian principals stating that a very marked degree of optimism existed regarding future trade between the two Dominions. His company was viewing the position with every confidence. It was confidently expected that Canada would be on the market for New Zealand produce to a greater extent than previously. Similarly Canada expected to develop its New Zealand trade, and the next two vessels leaving Montreal for New Zealand would be fully laden with manufactured goods.