FROZEN ISOLATION

Manawatu Standard, Volume LIII, Issue 251, 20 September 1933, Page 12

FROZEN ISOLATION

EUROPEAN SITUATION. ECONOMIC DIFFICULTIES. Per Press Association. WELLINGTON, Sept. 19. “There is frozen isolation taking place, not only in the United States Out also in European countries. There is a growing up of a policy of economic nationalisation and independence which makes it very difficult to bring about trade treaties,” said Hon. ' It. Masters, speaking as Minister of Industries and Commerce at the citizens welcome to the World Conference delegation. “In every country in Europe, said Mr Masters, “there are quotas, quantitative restrictions, high tariffs and in many cases total prohibitions of certain goods. However, when we come to finalise what we did I think it will be found that we have paved the way for better overseas trading conditions. The time has come when we must get out of the rut and seek out new markets for our products. We have been producing and are producing. Now we must extend our markets. Almost every foreign country has a credit balaance with New Zealand, and the time lias come to do away with this oneway traffic and establish two-way traffic.” . , , Sir Masters said that he was of opinion that a very serious _ responsibility devolved upon the various export boards in New Zealand to explore every avenue that might lead to the extension of markets for Dominions products.