Who Calls the Tune ?

Star (Christchurch), Volume LXVI, Issue 20625, 28 May 1935, Page 8

Who Calls the Tune ?

Dear Sir,—lt seems strange that visiti trade magnates fail to understand why < barriers against imports in the form tariffs, pegged exchange and reduced spe mg power exist. They do not realise tl the present situation was “ engineered ” the British financier. New Zealanders s not to blame An adverse trade balai would have suited us better. The barri should not have been erected. It is w known that a country paying off an ext nal debt is internally prosperous. It comes a hive of industry. To forest repudiation the British banker should bo< New Zealand sales, not restrict our impoi He could devise such slogans as “ Eat m< butter, solidified sunshine.” No doubt Ei lishmen could eat more butter without a ill effect. External debts are paid fr< the proceeds of the sale of debtor goods creditor countries. British trade is restri ed in this country by the policy set for by the British banker.—l am, etc., LUX