H.M. TRADE COMMISSIONER

Otago Daily Times, Issue 21987, 23 June 1933, Page 10

H.M. TRADE COMMISSIONER

MR L, A. PAISH RETURNING, (Fbom Oub Own Correspondent.) LONDON, April 28. Mr L. A. Paish, H.M. Trade Commissioner, and Mrs Paish are sailing by the Otranto en route for New Zealand tomorrow (April 29). They are looking forward to getting back to their own home. During his last tour, Mr Paish visited Birmingham, Wolverhampton, Coventry, Leicester, Nottingham, Sheffield, Bradford, Manchester, and Liverpool, and finished up with a few days at Kendal, in the Lake District. During his stay in this country Mr Paish has given interviews to 500 firms. Everybody seems mildly optimistic, says Mr Paish. Die found that New Zealand was looked upon as the “blueeyed boy.” • Everywhere he had to answer the questions regarding exchange. His answer was that the higher exchange would not greatly affect British trade as a whole. The New Zealand exporter obtained, sterling credit, which is no use to him unless he can sell it for New Zealand pounds. There are only two people prepared to supply New Zealand pounds in exchange for sterling credit. One is the Government, who want eight or nine million pounds for their interest in London. The only other buyer is the importer. Credits accumulated by the sale of New Zealand produce must be disposed of by one or other of those two people.