Imperial Trade.

Hokitika Guardian, 17 March 1923, Page 1

Imperial Trade.

ACCRA I.NR March 13. Ibe lion A. M. Myers returned from Britain by the Manuka to-ilav. Interviewed he said that the difficulties of exchange that had presented themselves (lining the hist two years, pa" itii ul.arlv between Australia and New Zealand, and the United Kingdom, were of a kind to suggest a more coordinated Imperial banking system, but to the present that problem was -lil! unsolved. Meanwhile the movement towards consol ida ling joint stock hanking interests continued in Britain, and it would assist, in dealing with the dillii iih limuiria! problems which confronted ihe Umpire. There was plenty cl credit available for trade and industry. the hanks being quite willing to lend money for legitimate purposes ni industrial development. “Further improvement in trade would probably mean the selling and consequently Llic weakening of gilt-edged sororities, but this y.ould assist furl her industrial development. There seemed to be a growing feeling there should he preference for the investment of capital within tlm T'.ineii,\ The credit of New Zealand stood high in l.omlon financial circles, and there was a growing demand for investment' in municipal loans. Discussing his advocacy of an Imperial conference of industrial and coinmerria! representatives. Mr .Myers said that a conference composed o| men el affairs, asked to deal with the problem of (hoeloping the trade and industry oi ilie Kmpiiv would produce a series of resolutions and suggest inns possessing a practical value which might not attach to resolutions on economic action emanating from a eonlereiice constituted on the traditional political lines. Any proposals they made that required Government action could be considered b\ ,h. normal Imperial or economic coni'.pence later. In addition to trade, matters that could he discussed by the -or! of conference lie proposed well emigration, .settlement and eommuni i nitons.