SMALL VOLUME

Timaru Herald, Volume CXXXVIII, Issue 19987, 20 December 1934, Page 7

SMALL VOLUME

IMPORTS FROM BRITAIN By Telegraph—Press Association WELLINGTON, December 19. At the annual meeting of the United Kingdom Manufacturers and New Zealand Representatives Association, the president, Mr C. W. Budd. said the year had been a disappointing one for British trade. The figures for 1933 to the end of December—this year’s figures were not so far available—showed that New Zealand benefited to the extent of £37,000,000 for primary products sold in the United Kingdom and on a very large proportion of that 10 per cent, preference was given. Against these figyres New Zealand I bought only £9,000.000 worth of manufactured goods from Britain. This, he said, did not look like a very fair deal. They could not have oneway traffic. Britain was like any other country and could only pay in the long rim by manufactured goods.

Mr Budd spoke of trade experiments which had been attempted with other countries, notably apples to the Argentine, which had proved a failure. He said that the Eastern market would cost more than it ever would be worth. He referred to the American wall of exclusion, and recalled the shipment of lamb to New York, not a carcase of which was landed in the United States all being redirected to London where it broke the market on the New Zealand exporter. New Zealand, he said, was losing the goodwill of manufacturers and operatives. He emphasised that Britain was definitely off free trade, and was making agreements with other countries where she was getting a quid pro quo. All they asked was a fair deal.