INDUSTRIAL COMPETITION

Hokitika Guardian, 3 July 1929, Page 5

INDUSTRIAL COMPETITION

AUSTRALIA PREPARING AGAINS’I UNITED STATES'.

(Australian Press Association)

(Received this day at 11 a.m.) SYDNEY, July 3

Addressing the Chamber of Manufacturers, the Prime Minister warned his hearers of the probability of the wholesale dumping of American goods into British countries in the near future.

Mr Bruce said the United States got mbst of the gold of the world during the war, she had expended the greater portion in increasing her facilities for protection, and expanding her factories. She was now concentrating on a terrific efficiency campaign. She was going to flood the world with -her manufactures in the next few years, and it would be a disastrous flood. Britain was beginning to see it would need the co-operation of all her dominions. The' speaker added that there was no better way of tackling the juoblem than by giving to Britain the market which we did not ourselves want, thereby, keeping the other fellow out.

“ Being a good protectionist country, and knowing how to deal with people who try to put it over us, we' can probably meet this very real danger much more efficiently than Britain. I-therefore urge manufacturers to concentrate first on the manufacture of motor-cars.”