BRITAIN DESIRES TO EXPORT

Evening Star, Issue 23688, 23 September 1940, Page 4

BRITAIN DESIRES TO EXPORT

MR NASH CHALLENGED FIGURES TELL THE TALE [Per United Press Association.} AUCKLAND, September 23. “ The Minister’s statement does not accord with the constant appeals from Britain for increased orders by importers throughout New Zealand,” said Mr Gainor Jackson, president of the Bureau of Importers, to-day, criticising Mr Nash’s statement that “ Britain does not want credits in New Zealand, but wants them in countries where the credits will do more good.” Mr Jackson said that Britain was endeavouring by every means in her power to increase her exports so that her war effort could be sustained by the economic arm. “In the light of trade balances in recent years, Mr Jackson said. “Mr Nash’s policy of import restrictions would appear to be anything but helpful to the United Kingdom.” He said that for the seven months this year to July exports to Britain were £43,994,256, and imports £14,234,326, showing an excess of, imports of £29,759,930. This large and increasing disparity in trade spoke for itself.