CREDIT ABROAD

Poverty Bay Herald, Volume LV, Issue 17410, 7 November 1930, Page 11

CREDIT ABROAD

BUSINESS MAN’S VIEWS U.K. SWINGING TO PROTECTION MELBOURNE, Oct. 17. The general body of opinion among the manufacturing classes of Great Britain to-day is strongly in favor of a sane protectionist policy, according to Mr. J. A. Be ill ley, managing director of John Bentley and Sons, ‘ ‘ Radcliff, Ltd.,” and manager of John Bentley and Sons (Australia Fty., Ltd., cotton manufacturer, who arrived from London in R.M.S. Orontes. Mr. Bentley will visit the Australian branch of his firm established in Spotswond three years ago, and will slmly our economic position with a view tii furtlrer extending his (inn’s activities here.

In an interview, Mr. Bentley said tlie (lumping of Europe’s surplus products info Grhat Britain had cruised ft groat swing of public opinion in favor of the policy of safeguarding industries. Lord Beaverhrook’s scheme of Empire Freetrade was considered impracticable by all but his -own particular coterie, blit a policy of inter-Em-pire preference was very popular. The great body of manufacturers in Great Britain had the utmost faith in Australia, and considered that she was fundamentally sound. Tlit-ro was no feeling of panifij and he was sure that when we had outgrown the present financial depression, English capital would ugitin he available. One thing that liittl in.jurhd Australia’s name in England was the restriction of migration — England refused to realise that Australia had serious unemployment problems, and considered that Australia should be the dumping ground for her surplus labor.