CANADA’S TRADE

New Zealand Times, Volume L, Issue 11665, 1 November 1923, Page 6

CANADA’S TRADE

PREFERENCE UNPROFITABLE.

Australian and N.Z. Cable Association NEW YORK, October 30.

In a speech at Quebec, Mr C. Howard Smith, president of the Canadian Manufacturers’ Association, took a doleful view of the effects of repeated tariff reductions on the industry of the dominions. “Australia,” he said, “barred Canada’s newsprint by preference in favour of Britain, the result being that Canada buys practically nothing from Australia. If Canada had not increased the preference on British woollens, Canada would have been able to build up a woollen industry, which would have enabled her to become a big purchaser of Australian wool, and thus able to bargain with Australia for equal treatment regarding newsprint.” The Australian preference on British newsprint had nob greatly benefited Britain, but it had benefited the Scandinavian newsprint manufacturers, as Britain bought newsprint for its own use in Scandinavia, where labour was cheap, and sold its own output in Australia. IMPORTED NEWSPRINT AUSTRALIAN PREFERENCE. By Telegraph.—P~«« Assn.—Copyright. PERTH, October 31.

The Provincial Press Association of Australia affirmed the principle of granting preference to British newsprint, the duty on which should be fixed at £2 per ton.