SELF-SUFFICIENCY
UNECONOMIC TRADING NEW ZEALAND AS EXAMPLE Received Sept. 4, 8.10 p.m. LONDON, Sept. 4. Professor J. G. Smith, in his presidential address to the economic section of the British Association Congress at Norwich, cited the repercussions in New Zealand as an example of the evils of European efforts to attain self-sufficiency, j f they continued, New Zealand would be forced to divert her population into uneconomic secondary industries and exclude every article that could be produced at home. The application of quotas and exchange control had gone far beyond the original purposes of smoothing currency fluctuations and stabilising the balance of trade. Europe at present was obsessed with making imports and exports balance, bilaterally tending to slow down the international trade capacity of the weakest countries. Professor Smith considers that the restoration of world trade will be very slow, even if Ottawa were diverted rather than enlarged. Trade stabilisation was essential, though unhappily it did not seem, within sight.
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Wanganui Chronicle, Volume 79, Issue 208, 5 September 1935, Page 7
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160SELF-SUFFICIENCY Wanganui Chronicle, Volume 79, Issue 208, 5 September 1935, Page 7
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