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IMPORT RESTRICTIONS ASSURANCE OF STERLING PROTECTING INDUSTRIES MINISTERS EMPHATIC , (Special to the Herald.) WELLINGTON, this day. “It is not likely that there will be any change whatever in the present procedure until the certainty o£ sterling ! being available at all times is achieved,” declared the Minister of Finance, the Hon. W. Nash, when his attention was called to a report telegraphed from New Plymouth that a firm of London buyers had informed their New Zealand clients that the import restrictions would be a thing of the past in six months.
The Minister added that if the New Zealand manufacturers were to expaiut their businesses, they must have security. "The position of our manufacturers will always be safeguarded.'' he concluded.
The Prime Minister, the Rt. Hon. M. J. Savage, declared there was no justification whatever for the statement because nobody could say what was going to happen in six or 12 months. "But I am going to say that we are not going to invite people from abroad or in New Zealand to invest in New Zealand industries to have them torpedoed by cheap labour -products from overseas. Our method may alter from time to time, but our objective will never alter."
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Bibliographic details
Poverty Bay Herald, Volume LXVI, Issue 19885, 11 March 1939, Page 7
Word Count
203CHANGE UNLIKELY Poverty Bay Herald, Volume LXVI, Issue 19885, 11 March 1939, Page 7
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