TRADE AGREEMENT
NEW ZEALAND^AND CANADA, TWELVE MONTHS' EXTENSION (Per United Press Association) . WELLINGTON, Sept 29V The Minister of Customs, Mr Na&hj) said to-night that the trade agreement : between New Zealand and Canada,' which, was due to expire ! at* the endof this month, had- been:extended'.fora further year,, until September ; ,; 30;. 1941.. The agreement was entered into in May, 1932, the original ..term'being; a year, and it had been modified and extended from time to time. .The' trade balance in favour of Canada in the past five years (New Zealand currency) had been as, follows: •'■;:""/• ; 1936-..; .. ..,.-. .. ;. £2,228,841 * 1937 .. ..;.,.. ... £2,889,253 ; 1938 ... '.;. ~■,-..,:'■■■;;.■■ £3,731,9611939 .-. .. ~ ■„■. £3,414,276 Seven months\pf ■ 1940 ~ £591,333 "The reduction in imports frprii Canada this ' year is-due' principally to reduced imports of motor; vehicles, tyres, apparel and hosiery,".Mr Nasi said. ■ "When trading conditions become more normal it will probably be necessary' to review the •• agree-V ment." ■ '■ ■■■>?■■. ; .. "'.■-•'■' :V ' : >
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Bibliographic details
Otago Daily Times, Issue 24416, 30 September 1940, Page 4
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143TRADE AGREEMENT Otago Daily Times, Issue 24416, 30 September 1940, Page 4
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