TRADE WITH BRITAIN.

Manawatu Standard, Volume LVIII, Issue 10, 9 December 1937, Page 10

TRADE WITH BRITAIN.

EXPANSION SUGGESTED

DANGER OF QUOTAS.

Per Press Association. WELLINGTON, Dec. 8. A review of trade and trade relations between Britain and New Zealand, also suggestions for further expansion, were contained in remarks made by Mr C. W. Budd, president of the United Kingdom Manufacturers and New Zealand Representatives’ Association at the annual meeting today, “We have heard it repeatedly stated by the Dominion’s. Government that it is prepared to spend every penny above interest commitments in the exchange of goods .vrtth Britain,” said Air Budd. “However, .1 .venture to suggest that after the above, interest charges are met;, this year , there will be a credit balance in ‘favour of the Dominion amounting to . from seven to nine million pounds. If this is spent on goods from Britain the necessary goodwill will be maintained;! We cannot see what is to 'stop tlie Dominion from spending this surplus in Britain instead of proceeding to make trade agreements with foreign countries whose policy; ,is so definitely toward economic nationalism.V Any action such as a qiiatd- on English goodsv entering this market, .will surely bring a quota on our primary produce entering the United;' Kingdom' market. How could we object to this- if wo start it? I sincerely hope no more will be beard of such drastic and unwarranted action being taken by New Zealand.”