Hard For N.Z. To Do Business In Britain

Northern Advocate, 29 November 1939, Page 9

Hard For N.Z. To Do Business In Britain

[Special to “Northern Advocate’'] WELLINGTON, This Day. Empire settlement is not dead in England, but there is a realistic attitude towards New Zealand when it comes to doing business under present conditions. This is the experience of the managing director of John Raine, Ltd., of Wellington (Mr John Raine), who has returned from a trip of seven months to England, Canada and the United States. Obstacles to Purchases Negotiations for the purchase and transport of goods to New Zealand were beset by serious obstacles under the Reserve Bank’s new credit arrangement, Mr Raine said. The business firms in England showed the keenest interest in this Dominion’s affairs, but they took the attitude that New Zealand had got

herself into a financial mess, and until she had got herself out of it business must be conducted along strictly realistic lines.

“Polite But Firm Refusals’’

Efforts had been made by some New Zealand importing firms to arrange for the delivery of goods for which permits had been secured and for payment to be made when the funds became available through the banks, tut such requests were now meeting with polite but firm refusals. Some of the English houses had already financed their New Zealand clients in this way, and were now reaching capacity point in the credit they could afford to furnish. Invariably the reply to requests for such accommodation was: “When you have put your house in order financially, come back and we will talk business." 2ANN FOR PILES! “The trial treatment was simply wonderful," writes an old sufferer. Try ZAXX yourself. Send !)d stamps for sample. Zann J’tv., Box 052 A, Wellington. Z 1