RECIPROCAL PREFERENCE
(To the Editor.) Sir,—There appears to be a prevailing impression in Wellington and the South Island that the levying of a tariff by Britain against Danish dairy products in favour of New Zealand would adversely affect British trade. The following figures will show that the boot is on the other foot, and that Britain is in the position of being able to call the tune. Danish Exports to Great Britain. 1922 • £40,309,067 1928 £53,057,529 British Exports to Denmark.. 1922 £12,442,198 1928 " £9,759,926 New Zealand grants Britain a prefereuce of over £4,000,000 per annum which it is estimated protects at least 50"per cent, of her trade to' New Zealand in manufactured products. Denmark progressively reduces her purchases of British goods. There also exists a widespread belief that England is in a parlous financial position. For the year ending September, England had a nett* favourable credit trade balance from all sources of over £130,000,000. This is equivalent to a dividend of approximately 12% per pent, on her export turnover. 4 New Zealand, for a. similar period, registered a trading loss of about 20 per cent.—l am, etc., CONRAD B. LOCHNER. 24th November.
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Bibliographic details
Evening Post, Volume CX, Issue 125, 24 November 1930, Page 8
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192RECIPROCAL PREFERENCE Evening Post, Volume CX, Issue 125, 24 November 1930, Page 8
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