DESTROYING MARKETS

Otago Daily Times, Issue 22628, 20 July 1935, Page 13

DESTROYING MARKETS

CANADA’S TRADE POLICY

VANCOUVER, July 18. The Sun, in an editorial, says: “Mr Lyons comes to Canada with an appeal to buy more from Australia. The truth is that Canada, with her policy to sell goods abroad but not to buy in return, is destroying markets. Every favourable balance we have with a country to which we do not owe money is-bound to drive that country’s customers away. The reason is plain. They can only pay for goods with goods. If Canada will not let them do it, then they must buy in countries that will.”

TRADE WITH AUSTRALIA

VICTORIA, July 18. (Received July 19, at 7 p.m.) As it will require ten days to repair the Niagara, Mr Lyons will take a steamer to Seattle to-day and thence proceed to San Francisco by railway and connect with the Mariposa, which is sailing on Tuesday. Taking advantage of the Prime Minister’s unexpected presence, the Rotary Club'invited him to give an address at a luncheon, during which he declared it was most important that Australia’s trade balance to Canada should be increased, adding that he did not wish to decrease Canada’s trade, but to bring about a more even balance. He said he would even welcome an increase in Canadian exports, provided Australian leeway was made up.