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Wanganui Chronicle, Volume 80, Issue 121, 25 May 1938, Page 6

N.Z. Overseas Trade. “To-day we are the largest exporters in the world of dairy produce to the United Kingdom.” said the Hon. P. C. Webb, Minister of Mines, at Hawera yesterday, “the only market where a restrictive quota has not been imposed, and we are still a long way from maximum production. Given payable markets this country can continue to expand its production of primary exports for many years to come, and it is for this reason that the Government places so much stress on the importance of opening up trade relationships with all countries which are willing to exchange commodities with us on a reciprocal basis. An instance of the significance of this policy is given by the trade treaty made between New Zealand and Germany. This treaty was made with the full approval of the United Kingdom Government, and has resulted in Germany easing the position of our butter on the London market during the flush of the export season. Only recently, the diversion of a shipment from England to Germany meant a rise of 4s per hundredweight on the British market. I think that this fact alone has fully justified Mr. Nash’s mission abroad, and the Government is still pursuing this policy which much benefit all sections of the community.”