BUTTER IMPORTS.

Waikato Times, Volume 113, Issue 18875, 20 February 1933, Page 8

BUTTER IMPORTS.

RESTRICTIONS BY BRITAIN.

PROTEST BY BUSINESS MEN. MORAL BREACH OF OTTAWA. (By Telegraph.—Press Association.) WELLINGTON, Monday. The New Zealand Business Men’s Committee has made a statement that it is reasonable to assume that the London proposals regarding the restriction of our butter imports inlo the United Kingdom was influenced by the New Zealand Government’s action in depreciating our currency, thus affecting at least a moral breach of the Ottawa agreement. The opinion was expressed that Hie Dairy Board’s suggestion that our duties on English manufactured goods would be immediately reduced 15 per cent, to counterbalance the artificial raising of the exchange rate, is impracticable, and carries a grave menace to our secondary industries and employment position. The committee urges the Government to immediately communicate with the British Government to ascertain whether this threat to our export position could be met by the re-con-sideration of our present exchange policy. The British Government should also be assured that our customs tariff will be reviewed in the terms of the Ottawa agreement at Iho earlicsL possible moment.