Australian Steel Firms Will Not Supply N.Z.
(Received 2.0 p.m.) SYDNEY, This Day,
Representatives of Australian steel suppliers state, in reply to New Zealand complaints in regard to withholding of further orders, that continued shipments of heavy goods on a basis of deferred payment would virtually amount to a loan to New Zealand of capital which the industries concerned could better use in their own undertakings, while acceptance of payment in New Zealand, on the understanding of subsequent transfer to Australia, would be a gamble on the ultimate behaviour of the New Zealand exchange rate. The fact that the New Zealand Government had planned to create its own iron and steed industry disposed of any argument that New Zealand was entitled to special consideration as a prospective permanent customer of Australian heavy goods.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NA19390627.2.117
Bibliographic details
Northern Advocate, 27 June 1939, Page 11
Word Count
133Australian Steel Firms Will Not Supply N.Z. Northern Advocate, 27 June 1939, Page 11
Using This Item
NZME is the copyright owner for the Northern Advocate. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in