MARKET CONDITIONS

Nelson Evening Mail, Volume LXVI, 7 May 1934, Page 5

MARKET CONDITIONS

OVERSEAS AND UNITED KINGDOM THE TASK AHEAD CONFERENCE WITH MR S. BRUCE (By Telegraph —Press Association) AUCKLAND, This Day. An important conference took place yesterday between the Rt. Hon. S. M. Bruce and the Rt. Hon. G. W. Forbes, the Rt. Hon. J. G. Coates and the Hon. R. Masters. Mr Bruce was passing through Auckland en route from Sydney to London, and from the time he left the Monterey after breakfast until lie rejoined the steamer in the afternoon he was engaged with the New Zealand Ministers in a private conference. Subsequently the following joint statement was issued by Mr Forbes and Mr Coates: Mr Bruce gave the New Zealand Ministers a firsthand account of the recent development and outlook as viewed by him in world economic conditions, and in the position of the United Kingdom. His summary bore out and amplified the conclusions they themselves had formed as the result of personal discussion and contacts with the British Government and the trend of more recent events. The onrush on to the markets of the United Kingdom of the world’s surplus products had led her to adopt new and experimental courses, which were of direct concern to, and called for some co-operation by, Empire supplying countries. Air Bruce also discussed trends in Australia in regard to beef, mutton, lamb, dairy produce, wool research and publicity and fruit, and while not, of course, able to give any precise forecast of future developments there, whether in the matter of the regulation of marketing or otherwise, he was helpful to the New Zealand Ministers in better appreciating the viewpoint of Australia. He made it clear that steps had been taken as the outcome of his visit to Australia to set up committees representative of the producers in the various States. It was agreed by all the Minister's that any policy that looked to the improvement of market conditions must he based on full cooperation between overseas producers and farmers in the United Kingdom. The removing of any misunderstanding of their common interests was regarded as the most important part of the task ahead.

Various, points that were tlie subject of discussion in the brief time available ut Auckland arc .to be followed up by and through the High Commissioners in London. They will jointly place the facts before the British Government, and will carry on the discussion there, while keeping in constant touch with their Governments at this end of the world.

SUGGESTION BY M.P. COLONIAL AND FOREIGN IMPORTS ("Times” Cables) (Received 7th Muv, 11.55 a.m.) LONDON, 6th May. Lt.-Col. A. P. Hcneagc, Conservative M.P., in a letter to “The Times” suggests that the Government should do lare what commodities Britain can grow in a sufficiency to make her self-sup-porting. These include eggs, poultry, pigs, potatoes, milk and cream. Siie must import wheat, cattle, wool and sugar. Dominion and colonial produce should not be restricted until foreign imports are limited to vanishing point.