EMPIRE TRADE.

Hokitika Guardian, 29 November 1924, Page 3

EMPIRE TRADE.

riiv telegraph—run press association AUCKLAND, November 28. Interviewed to-night, the Prime Minister said that lie was very glad to see the new Government in Britain and intended to give Parliament tin opportunity of reconsidering the preference proposals agreed to in the first instance at the Imperial Economic Conference, lie said it was just as well to renicniher that the proposals which were dealt with at the eonlercnee did not, by a long way, involve the whole principle of Empire preference, lie believed that would come in time, hut the British people wete not quite ready ter il yet. Wo must lie satisfied to go quietly, and let tic liritish public particularly :..••• that Empire preference would lie as good lor them as lor the citizens of I ■ < versons Dominions. Continuing. Mr Massey said that it Britain’s industrial supremacy was to he rcslortd, it must lie by peopling the unoccupied spaces of overseas countries of the Empire. One could lint help being anxious about the future of British industry, when one noticed the efforts being made to promote trade with Russia, while at the same time the efforts on the part ol British dominions to increase their trade with the heart of the Empire, had met with little response. Mr Massey said that an up-to-date Empire policy was needed.

N.Z. PREFERENCE TO CANADA OTTAWA. November 27.

While tbe Canadian Government is satisfied with the progress of tbe negotiations (oncoming the proposed change in the New Zealand tariff (rain led November 2D.) certain Canadian manufaeturers take occasion to deny |.|:c accuracy of the assert inn that the plants would be adversely affected by the 75 per <cnt. Canadian labour rc(|uirenient. These manufacturers declared that eight makes of Canadian ears are able to meet tbe proposed conditions.

The Canadian (iovernment. however, replies that only one Canadian make of ear would qualify under a strict adherence to tin* conditions. To this tlie manufacturers retort that the remainder would likewise qualify if they adopted this company's poliev. Nevertheless, New Zealand’s proposal is generally regarded as extreme, but tbe opinion is expressed that a maximum of fifty per cent., would actually be beneficial to certain manufacturers. It is suggested that tins ratio would benefit tbe Canadian paper and fish industries, while not imposing excessive hardships on other pursuits. LONDON LOANS. LONDON. November 27.

The “ Dailv Telegraph’s” diplomatic correspondent alludes to a movement among business men in favour ot stricter regulations covering foreign loans raised in the London market and also for closer co-operation between ■ tish industries, banks and issuing houses in order that loans and trade credits may be conditional on the borrowers granting fair conditions to the British oxoort trade. Mr Churchill is credited with having strong views on the subject.