Eliminating Wasteful Production

Manawatu Times, Volume LIV, Issue 7246, 28 August 1933, Page 6

Eliminating Wasteful Production

New Zealand Plan For Licensing of Exports VIEWS OF PACIFIC RELATIONS DELEGATES United Press Association. —By Electric Telegraph—Copyright. Received Sunday, 7 p.m. BANFF, Aug. 25. New Zealand’s plan for the licensing of exports, with the suggestion that imports might also be placed under control in the future, was examined again at a round-table conference by the Institute of Pacific Relations today. . A New Zoaland member pressed tl idea of eliminating chaotic, wasteful production by determining in advance the market available end buying without tariff barriers goods from the country to which the exports were made.

Obstacles were presented by other members, who argued that in industrialised countries it was moro difficult to license and control exports, especially where a nation was trying to push the sale of its goods in all corners of the earth. It was stated that an attempt by Governments to sot up quotas might end in a worse position than at present. A British member said the depression had been prolonged by Government interference with natural laws.