NEW TRADE PACT

Gisborne Herald, Volume LXVI, Issue 20012, 10 August 1939, Page 7

NEW TRADE PACT

QUEST BY MR. NASH AMERICA AND DOMINION HOPES OF RECIPROCITY AIR SERVICE LINK (Elec. Tel. Copyright—United Press Assn.) (Reed. Aug. 9, 2.40 p.m.) WASHINGTON, Aug. 8, The New Zealand Minister of Finance, Mr. W. Nash, conferred with the acting Secretary to the Treasury, Mr. Hanes. this resulting in rumours that he possibly discussed with the security exchange commission's approval, New Zealand financing in New York. Mr. Nash, however, denied this. He declared that he had discussed general business conditions in New Zealand and. U}e United States and common tax problems. Mr. Nash said he was conferring with Mr. Sursncr Welles, the assistant Secretary of Slate, later concerning a reciprocal trade treaty, "renewing the conversations I had here in 1987 when it was impossible to conclude a treaty until that between America and the United Kingdom was concluded." Mr. Nash added that he did not expiect immediate results, but he expressed the opinion that they would ultimately lead to a reciprocal treaty.

Referring to the Pan-American Airways New Zealand air service, Mr. Nash said he would welcome its inauguration. It would bring New Zealand into closer friendly contact with the United Stales, while the way would be left clear for the extension of the British 'air lines. Referring to his European visit, Mr. Nash said: "Nobody knows what will happen. I think there is an even chance of war. I certainly hope that fate prevents it."