SHARE OF BRITISH MARKETS
HOPES OF DOMINION PRODUCERS
CONFLICT BETWEEN CITY AND MINISTER United Press Association—By Electric Telegraph—Copyright (Received May 23, 7.0 p.m.) LONDON, May 23. The political correspondent of "The Daily Herald” says: "The Dominion representatives in London are taking the greatest interest in the conflict between the city and Mr W. E. Elliot, Minister of Agriculture. Formal negotiations have already been opened to stave off the application of the quota system when the Ottawa agreements come up for revision in July. The Dominion representatives say that they will rely on Mr Stanley Baldwin’s undertaking, given to Mr J. G. Coates at Ottawa, that will provide an increasing share of the British markets for the Dominions.” Regarding the question of default, a high Australian official said: "Australia never officially suggested that she will not pay the interest on her British loans, but the matter is simple arithmetic. We have to export £40,000,000 more goods than we import in order to meet the interest on the loans. If we cannot clear that margin ” but the Australian did not complete the sentence.
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https://paperspast.natlib.govt.nz/newspapers/THD19340524.2.77
Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19807, 24 May 1934, Page 9
Word Count
181SHARE OF BRITISH MARKETS Timaru Herald, Volume CXXXVII, Issue 19807, 24 May 1934, Page 9
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