TRADE DISEQUILIBRIUM
TRADE DISEQUILIBRIUM THE FRENCH VIEWPOINT I United PreHK Association l WELLINGTON. This Day. M. A. Pouquet, Consul for France, said: “Officially I have received no information on the matter from tny Government. so I have nothing to say about it. but I clo know the attitude of the French people towards this trade disequilibrium. You see, France buys annually from a million and a half to two million pounds worth of wool from New Zealand in New Zealand or through London, but New Zealand buys goods from France to the value of. say, £240.000 to £250.000 per annum. Naturally the French business man regards this want of balance as extremely unsatisfactory. arguing that out of every pound France buys from New Zealand only some 5s is spent by New Zealand in France.” He admitted the position was not singular, but for many years past France had suffered from adverse trade balance; with other countries, and French business people, he believed, felt that some equitable adjustment was long overdue. Personally he understood New Zealand’s position, but the French people did not understand it as well. They looked at the trade returns. New Zealand’s special position did not interesi them. They pointed to the figures and the substantial balance against them.
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Bibliographic details
Nelson Evening Mail, Volume LXXII, 13 April 1939, Page 7
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211TRADE DISEQUILIBRIUM Nelson Evening Mail, Volume LXXII, 13 April 1939, Page 7
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