INTER-EMPIRE TRADE ENTIRELY BENEFICIAL

Manawatu Times, Volume LIV, Issue 6947, 28 June 1929, Page 7

INTER-EMPIRE TRADE ENTIRELY BENEFICIAL

Canadian Leader’s Plan

EXTENSIVE STUDY OF SURPLUSES AND NEEDS

BETTER THAN PREFERENCES.

United Press Association—By Electric Telegraph—Copyright. Received Thursday 11.10 p.m. OTTAWA, June 27. While speaking at Campbell Ford, Ontario, Mr Bennett, the Conservative leader, advocated inter-Empire trade which would not work to detriment of native industry of any Empire country. Ho said preference was not the best medium to promoto-trading within the Empire, but he favoured a combination of Empire trade with reasonable protection.

An extensive study of tho products which each portion of the Empire has to sell and needs to buy should be made, then a scheme should bo formulated, under which each would soli to another the things produced in excess of its own needs, and buy from another the things which it did not produce. Through tho medium of an economic; conference representing the Empire* which ho would summon if elected to power, Mr Bonnett believed the nations of the Empire could arrive at a series of trade agreements which, in effect, would make tho Empire an economic unit and yet not expose industry and tho country to unfair competition from without its own border.