DOMINION TRADE

Otago Daily Times, Issue 18547, 6 May 1922, Page 7

DOMINION TRADE

A MORE HOPEFUL OUTLOOK. • (From Ocb Own Cohbkspqndbnt.v WELLINGTON, May 4. The president of the Wellington Chamber * of Commerce, at the annual meeting today, referred to the proposed meat and dairy pools. . “The unsatisfactory handling of New primary products during the oast season,” he said, “has induced the farming community to urge the formation of meat, and dairy produce pools. No one can blame the farming community for taking strong measures against a repetition of last season’s disastrous trading, but with the restoration of trade into ordinary channels. and the' general stabilisation of markets. these pools should not be necessary. We seem to have overlooked the fact that England, our greatest customer, had been greatly disturbed by a year ■ of . general depression, the unemployment of nearly two. millions of her industrial population, drastic cuts in wages, the adverse trade balance, and diminished pTofits. I believe, however, that with the early resumption of trade on sound lines there will bp no call from the producers for the' Government or anv other kind of arbitrary interference with the natural flow of commerce. We are gradually recovering our' pip-war conditions, and lessons from the past teach us that nil attempts to artificially control prices and distribution are foredoomed to failure. It is based on the fallacious assumption that the world must have our goods, no matter what the price.”