OVERSEAS CONDITIONS

Poverty Bay Herald, Volume LX, Issue 18203, 26 September 1933, Page 5

OVERSEAS CONDITIONS

MR. MASTERS’ REVIEW PROBLEMS TO BE PACED RECOVERY IN BRITAIN (Per Press Association.) .STRATFORD, this day. A public reception was tendered to the Hon. If. Masters and Mrs. Masters last night. The -Mayor, Air. J. \V. MeMillnn presided. Despite a storm, a large and enthusiastic crowd attend-

Air. AV. ,T, Poison, ALP., and other speakers paid glowing tributes to Air. Masters’ splendid service rendered to New Zealand bv his representations in Hie. quota discussions'. Air. Masters was loudly cheered on rising -to ■ speak. He said -that as a result of the conference there was a better ' understanding among the nations.of the world. From the Dominion’s point of view the conference was'not wasted, as Empire discussions were hold at the same time. The most notable impression was the high regard in which British statesmen were hold by other nations. When Britain spoke at the conference she was listened to. ■

Air. Masters spoke of the great revival of trade in Britain, which was importing much less manufactured gobds, but much more raw material.

This was the greatest indication of returning prosperity in the Old Country. Prosperity throughout the world could only come through breaking. down.international trade barriers. If the policy of self-sufficiency so apparent'in • Europe were 1o go on, countries like New Zealand were in for a difficult time. As an illustration, ho quoted Germany’s attitude of raising restrictions against agricultural imports. THE QUOTA PROBLEM

'The opinion was held that in three years Germany would not only be self-sufficient regarding butter, but actually will be exporting. If this system continued. New Zealand might have to consider developing secondary industries to a greater extent than at the present time. Great responsibility lay before the leaders of the country.

Dealing with quotas, Mr. Masters said New Zealand was unfortunate in that the success of the milk marketing scheme operating in Britain was dependent on the price of cheese, as to make a success of that scheme, a good price for milk must be obtained. If a higher price was got for fluid milk than for cheese, it was: feared that cheese makers would cease manufacturing. Hence the desire for a quota to increase cheese prices. Dealing with-America, Mr. Masters said he had a promise from the President that the American people would be prepared, when prosperity returns, to make arrangements for greater trade between America and New Zealand. He dealt comprehensively with Mr. Roosevelt’s recovery plan, which aimed at raising prices. He hoped that it would come out successfully but ho had some doubts of the success of the national recovery plan. 'The attempt would mean, at least, the evolution of something of immense benefit to the nation and to the world at large. Great enthusiasm was shown at the conclusion of the speech, the large audience cheering and singing “For They are .Tolly Good Fellows..’’ There was another cordial scene outside the hall when Air. and Airs. Atastors were leaving.