“NOT A FAIR DEAL”

Poverty Bay Herald, Volume LXI, Issue 18584, 19 December 1934, Page 15

“NOT A FAIR DEAL”

TRADE WITH BRITAIN N.Z.’S HUGE SURPLUS GOODWILL BEING LOST (Per Press Association.) WELLINGTON, this day. At the annual meeting of the United Kingdom Manufacturers’ and New Zealand” Representatives’ Association, tiic president, Mr, C\ W. Budd said the year had been disappointing for British trilde. , I, The figures for 1933, to the end of December —this year’s figures were not so far available—showed that New Zealand had benefited to the extent of £37,000.000 for primray products sold m the United Kingdom, and on a very large proportion of that 10 per cent. preference was given. Against these figures, New Zealand bought only £9.(X)o.odb worth of manufactured goods from Britain. He said it did not look like a very tan deal. They could not have one-way traffic. Britain was like any other country, and could only pay in the long run ’ey manufactured goods. He spoke o trade experiments which had been attempted with other countries, notably apples to the Argentine, which had proved a failure. He said Eastern markets would cost more than they would ever be worth, and referred to the American wall of exclusion, and recalled the shipment of lamb to New York, not a carcase of which was landed m the States, all being redirected to London, where' it broke the market on the New Zealand exporter. New Zealand, he said, was losing the goodwill of British manufacturers and operatives. He stressed Britain was definitely off free trade, and was making agreements with other countries where she was getting a quid pro quo. All thev asked was a fair deal.