NEW MARKETS
Sir, —The World War and the present depression, which is worse than war, should have served to break the geographical, commercial and industrial isolation of New Zealand. The fact is that, now New Zealand is at the threshold of great possibilities in foreign trade, New Zealand currency is low and New Zealand prices, when converted into foreign money, are wonderfully competitive. But if our policy to trade in depreciated currency only with depreciated markets continues, we shall strive in vain to win New Zealand's rightful share of world's commerce. .Last year we exported 93 per cent, of our staples to cheapest markets in the globe (and the farthest), and have miisterfully decreased our sales to foreign (dearest) markets by 51 per cent since 1929. In 1929 New Zealand's income in good currencies from countries outside the British Empire was 14.6 per cent of our general exports; in 1930 it was 9 per cent; in 1931 7 per cent, and in 1932 only 6.8 per cent. Alexander S. Tetzner. Patumahoe, February 9, 1933.
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Bibliographic details
New Zealand Herald, Volume LXX, Issue 21414, 11 February 1933, Page 15
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174NEW MARKETS New Zealand Herald, Volume LXX, Issue 21414, 11 February 1933, Page 15
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