DOMINION EXPORTS

Wanganui Chronicle, Volume 79, Issue 266, 13 November 1935, Page 9

DOMINION EXPORTS

SUCCESSFUL AGREEMENTS LARGE SAVING EFFECTED [ Per Press Association. ] DARGAVILLE, Nov. 12. The success of the Government in arranging agreements covering the export of primary products from the Dominion, and suggestions for future act lion in this regard, were points to which attention was devoted by the ‘Ai hum er of Finance, Hen. J. G. Coates, in the course of election spfeech.es in the Kaipara eb'.ctorate to- ' day. “1 feel 1 can look bavk ou the present position with a measure of personal satisfaction,’’ Mr Coates said. “It is not my habit to indulge iu selfpraise, but in negotiating agreements for the sale of primary products in the English market I know wc have done a good job of work. “The country as a whole is still not fully aware of the benefits arising from, the Ottawa Agreement and subsequent negotiations. Two lines of policy were formulated at Ottawa, where Hon. W. D. Stewart was asI sociated with me. In the first place I the Empire countries agreed to a | policy of cheap expanding credit with a view to reducing costs and facili-ta-i ting demand. In the second place, it i was recognised that some regulation of i supply was essential iu order to sus- | tain and improve prices and prevent a further collapse. The effect of the Ottawa Agreement was to stabilise the prices of meat products at a satisfactory level, while the recent negotiations in London freed Ne-v Zealand from the threat of a levy on mutton and lamb and other products, and avoided a loss to the meat producers of at least £1,000,000 annually. “Regulated expansion is the keynote of th-e policy for the future and that it is important that the negotiations still necessary Should be entrusted to those who have experience of the problems and personal knowledge both of men and markets. The Labour Party’s proposals are clearly used on a "misunderstanding of the true position. Mr. alter Nash has been advancing the proposition of guaranteed prices which would have to be based on bilateral agreements. The people of New Zealand should know that there is no chance of negotiating such agreements between the United Kingdom and any individual Dominion. Concessions granted any one Dominion are equally available to all.”