“STANDING STILL ON PEAK”

Timaru Herald, Volume CXXXVII, Issue 19783, 26 April 1934, Page 9

“STANDING STILL ON PEAK”

CRISIS IN DAIRY INDUSTRY MR BRUCE’S ARRESTING STATEMENT United Press Association—By Electric Telegraph—Copyright (Received April 25, 6.30 p.m.) SYDNEY. April 25. Mr S. M. Bruce, Australian High Commisioner in London, speaking at a dinner, said that Australia to-day, was in an incomparably better position than any other country in the world. If that dreadful thing, the restriction of some exports, was to come, it was not going to be a case of going back, but of standing still on the peak point, with the possibility that after another two years—perhaps even sooner/ so far as Britain was concerned—they ought to be able to enter into new arrangements with that country, whereby they would be getting an expanding share in the British market of things Australia exported. EFFECT IN NEW ZEALAND. GF \VE TROUBLE TO RURAL . INTERESTS. United Press Association —By Electric Telegraph—Copyright (Received April 25, 6.30 p.m.) LONDON, April 24. “The Journal of Commerce,” in a leader referring to New Zealand exports, and the “forthcoming visit of the Dairy Board to London,” says: “The application of restrictions means grave trouble to New Zealand which Britain should seriously consider, since it will restrict New Zealand’s trade with Britain to a disastrous extent. Even if better prices are obtained for the goods actually sent, large dairying tracts will be abandoned, thus increasing unemployment.”

“NO LONGER EXISTS.” IRISH PRESS ON BRITISH lIARKET. United Press Association—B.v Electric Telegraph—Copyright LONDON, April 23. Mr de Valera’s organ, “The Irish Press,” in an editorial, referring to Mr Bruce’s speech at Canberra on Friday, says: “Australia has now learned officially what the Irish farmers have realised for some time—that the much boasted British market no longer exists. The leaders of the United Irish Party will do well to heed Mr Bruce’s words and also take a lesson from the experience of New Zealand, which a White Paper showed was lulled by polite words of British imperialist statesmen, and were slower than the Free State, to learn the lesson of the policy of going hat in hand to England. New Zealand left herself open to an abrupt snub by Mr J. H. Thomas.

MEETING FOREIGN COMPETITION. NEW ZEALAND'S POSITION DEFINED. United Press Association—By Electric Telegraph—Copyright (Received April 25, 7.20 p.m.) LONDON, April 25. Mr W. Dynes Fulton and Mr Davis, respectively vice-chairman and London manager of the New Zealand Dairy Produce Control Board, in addressing- the Conservative Parliamentary Agricultural Committee, pointed out that Dutch merchants are quoting butter to Dutch consumers at a price equivalent to £9/10/- per cwt., while the export price to Britain is £2/10/f.o.b. Denmark’s price for domestic consumption is 215 kroner per 100 kilos compared with 123 kroner f.o.b. in Britain. The speakers added that New Zealand did not subsidise exports and was quite able and ready to compete with any foreign butter-producing country on an economic basis, but there were foreign subsidies which did much more than wipe oout the Ottawa Agreement and placed New Zealand in an impossible position. Mr Dynes Fulton recognised the British rights in the Home market. He emphasised that New Zealand was 100 per cent. British and asked for the opportunity to develop reciprocal trade with the only outlet for produce, namely Britain.