NEED FOR PROTECTION

Taranaki Daily News, 17 October 1931, Page 2

NEED FOR PROTECTION

OPINION IN ENGLAND. AMERICAN VIEWS CHANGING. “A very widespread appreciation of the need for protection is evident in England,” said Mr. A. I. Johns, general manager of the New Zealand Insurance Co., Dtd., who returned to Auckland on Thursday after a tour overseas. ■ln England the people were realising every day that a great proportion of the old export trade had gone, never to return, said Mr. Johns. In the cotton trade, countries like Japan, China and India had up-to-date mills _ and must supply the greater proportion of their local needs. It would appear, therefore, essential that the Horae market must be reserved for Home industries and some more pronounced scheme of Empire trade put into operation. Ju the first seven months of 'this year Britain’s export trade declined by 33 per cent, compared with last year and 44 per eent. compared with 1929, while imports were lower by only 22 and 30 per cent, respectively. “In the United States I found, on the other hand,” said Mr. Johns, "a pronounced feeling that their high tariff wall was a blunder. The opinion was freely expressed that they could not expect, other countries to buy their goods unless the. people of the United Sratcs also were purchasers.”