POLICY OF ISOLATION

Wanganui Chronicle, Volume 83, Issue 168, 19 July 1939, Page 8

POLICY OF ISOLATION

DENIAL BY MR. NASH IMPORT RESTRICTIONS TEMPORARY x Per Press Association.) AUCKLAND, July IS. , Prospects of a release of tne im- s port embargo at the beginning of the New Year were held out by the New j Zealand Minister of Finance, Hon. W. Nash, now in England, in a letter to a leading English biscuit manufacturer, T a copy of which was received by an > Auckland wholesaler. j It states that the embargo on cer- f tain imports is to be regarded as a temporary measure, compensating for , previous excessive imports which in ' some cases had built up stocks to ab- , normal levels. It adds: "As soon as we are in a t position to do so (the present restric- , tions operate until the end of 1939) . the imports will be resumed to the full extent of our ability." , Mr. Nash adds: "We have no wis.i . to pursue a policy of isolation or sellsuliicicncy, and most of all v/e are [ anxious to maintain and extend our trade both ways with Great Britain.'’