TRADE RECESSION
INSULATING DOMINION "NO PLANS IN EXISTENCE" CHALLENGE TO MR. SAVAGE TELEGRAPH —PEESS ASSOCIATION] . FEILDING, Saturday "I repeat my challenge to the Government to produce the plans which the Prime Minister, Mr. Savage, says are in existence for insulating is ew Zealand from a trade recession," said Mr. H. C. Jenkins, of Wanganui, when speaking at Rangiwahia. "I say they are not in existence. When I issued this challenge at Bulls it was met by the Prime Minister digging up a three-weeks' old newspaper article in the Sydney Morning Herald and making an ineffectual answer. I do not know what his answer to my second challenge will, be, but I am confident that he will not produce the plans of which he has spoken. They exist only in the imagination of Mr. Savage and Mr. Nash. "The recession is now on," said Mr. I Jenkins. ' 'The gold value of world trade in January was 11.2 per cent lower than in December. The seasonal decline during the last preceding three years was about 6 per cent. During the last quarter of 1937 world production decreased by 10 per cent, compared with the third quarter of the same year. "If such plans epcist, now is the time to reveal them," concluded Mr. Jenkins.
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Bibliographic details
New Zealand Herald, Volume LXXV, Issue 23026, 2 May 1938, Page 10
Word Count
212TRADE RECESSION New Zealand Herald, Volume LXXV, Issue 23026, 2 May 1938, Page 10
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