SOUTH AFRICA'S EXPORTS
PURCHASES BY BRITAIN "A VERY FINE CUSTOMER" [kjioji our own cobrespondent] CAPETOWN, Oct. 8 Mr. Charles Te Water, the South African High Commissioner in London, has been vigorously taken to task by Mr. J. S. Young, president of the South African Federated Chambers of Commerce, for stating that Britain is not buying sufficient of South Africa's raw products in return for the great purchases made from her manufacturers, and that unless Britain is prepared to buy more, foreign markets will have to be found.
Mr. Young, who was speaking at a meeting of the Port Elizabeth Chamber of Commerce, pointed out that" as regards South Africa's total exports, which, apart from gold, came to £27,000,000, Britain took more than half. "Is not that a very fine customer?" he asked.
Quoting figures of South Africa's trade with,other countries in 1933, Mr. Young stated that the Union imported from America goods to the value of £6,000,000, but America only took goods from the Union to the value of £775.000. For Japan the figures were £2,000,000 and £306,000; for Czechoslovakia, £435,000 and £10; for Finland, £250,000 and £3000; and for Switzerland, £366,000 and £3OO.
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Bibliographic details
New Zealand Herald, Volume LXXI, Issue 21962, 20 November 1934, Page 5
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194SOUTH AFRICA'S EXPORTS New Zealand Herald, Volume LXXI, Issue 21962, 20 November 1934, Page 5
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