SUPPLY REGULATION

Pahiatua Herald, Volume XLVII, Issue 13820, 30 March 1938, Page 5

SUPPLY REGULATION

FOR BRITISH MARKETS NEARING SATURATION POINT iin.ted Press Aasn.—By Electric J.elegrapn—Copyright. SYDNEY, March 29. Addressing the Empire Producers’ Conference at Sydney to-day Sir Reginald Dorman Smith, M.P., leader of the British delegation and representing an agricultural constituency in the Commons, warned the Dominions that they could not continue to regard Britain as their only export market for primary products. He then set out to show how the producers should attempt to regulate supplies to the United Kingdom in order to avert an economic collapse. He appealed to delegates to lay the foundation of an intelligent Empire agricultural policy and said it should be their duty to get a clear picture of the ultimate limitation of the absorptive capacity of the British market. The realities must be faced. Saturation point in the Home market was much nearer than many imagined. He emphasised what those Dominions which were now developing secondary industries, thus diminishing their dependence upon the United Kingdom for manufactured goods could not at the same time expect an ever-increasing shar e in the United Kingdom market for agricultural produce, nor could the Mother Country afford entirely to cut off her agricultural connection with such countries as Denmark, Holland and Argentina. Sir Reginald Dorman Smith mentioned that the eyes of the world were on that conference which he regarded as a great opportunity and a challenge to those nations which were setting out to create a newworld order. He suggested that the conference should inaugurate a series of Empire Commodity Councils to deaf with such products as mutton, lamb, pork, dairy produce, eggs, apples and pears, calling into collaboration the producers’ representatives of the principal foreign supplying countries .The aim must beTor a regulated market and maximum supplies to the consumer consistent with a reasonable level of remuneration for the producer.