LOW-PRICE COMPETITION

Poverty Bay Herald, Volume LXIII, Issue 19136, 3 October 1936, Page 14

LOW-PRICE COMPETITION

NEED FOR PROTECTION STANDARDS OF LIVING (Per Press Association.) ..WELLINGTON, last hjght. ‘ “I think it- is generally felt in commercial circles;that whti'e the iouni|ations that were .laid were spuml, the results 'of ’tile Ottawa agreements have so tar fallen somewhat snort of expectations,” said Lord E'libanK at the opening session of the Chamber of Commerce conference. "They certainly have been effective up .to a point, but I might be permitted to suggest that the various Governments.concerned are perhaps moving forward too cautiously. I will not say more on this occasion, for the whole subject is to be debated next week. “Oil the other side of the .picture, we find ourselves faced by competition nom countries having a very lo.w standarr of living, which we have helped to equip with most modem machinery and transport. -Unless we recognise the changed conditions, and'., adopt new methods to meet them, unrestricted competition inprice .will lead to retrogression rather than progress in civilisation. Advanced nations’ must protect themselves against this, unless,. whjeH would be far wiser, means can be found to induce backward nations to raise their standards of living.”