MUTUAL BENEFIT

Manawatu Standard, Volume LII, Issue 270, 14 October 1932, Page 7

MUTUAL BENEFIT

EFFECT OF AGREEMENTS. SATISFACTION EXPRESSED, ASSISTANCE TO DOMINION BUTTER PRODUCERS. (United Press Association—By Electric Telegraph..—Copyright.) Received October 14, 10.10 a.m. LONDON, Oct. 13. Anglo-Australian business circles generally express satisfaction with the Ottawa agreements, which they believe ought to be of mutual benefit, but leading meat importers express the opinion that there is unlikely to be any great effect on the Australian trade in 1933, particularly as the Argentine is permitted to send the same quantify of chilled beef as hitherto. Regarding mutton and lamb, although the imports of Argentine are reduced, this is unlikely to have an effect on prices here for the Argentine shipments are already declining owing to the low prices obtainable, chiefly on account of the heavy cold stored stocks of Australian and New Zealand. The Federation of British Industries is calling a special meeting of the Empire Committee to discuss the Ottawa schedules. Mr Guy Locock, director of the federation, declares that a cursory examination of the proposals shows that opportunities are given to many British industries. Butter importers regard the duty of 15s per cwt. on foreign as likely to be of considerable assistance to the sales of Australian and New Zealand as it is expected to cause a material reduction in the Argentine, Danish and other Scandinavian imports which is very essential in view of the large prospective supplies' of Australian and New Zealand, but these are so large that an improvement in prices hardly seems probable. MR SCULLIN’S CRITICISM. Received October 14. 9.55 a.m. CANBERRA, Oct. 14. Criticising the Ottawa agreement, Mr Scullin said, that Mr Gullett’s declaration that article 12 was an indispensable condition of the Ottawa agreement would arouse nation-wide hostility. No one who believed in the right of Australian self-government would accept the conditions laid down. Mr Forde, formerly Minister of Customs in the Scullin Government, said it was very evident that the Australian delegates were completely outclassed at Ottawa by the British delegates.