TRADE PROSPECTS

Hokitika Guardian, 10 September 1929, Page 5

TRADE PROSPECTS

BRITISH TRADE COMMISSIONER’S VIEWS. ‘By Telegraph—Per Press Association.) WELLINGTON, Sept. 10." Mr L. A. Paish, 0.8. E., British Trade Commissioner succeding Mr F. B. Beale, arrived to-day by the .Maheno. Interviewed, he declared there were no grounds of pessimism regarding the future of British trade, which would benefit by overcoming competition. The real difficulty was that the huge war debt was a formidable charge on top of all manufactured goods; but in spite of that Britain was still almost the leading manufacturing and exporting nation in the world to-day, with the possible exception of the united States,' a larger country with a much larger population. So much of New Zealand trade was already in British hands that an increase in trade largely depends on increased Dominion prosperity. Important steps are being taken by the motor trade with a view to securing more, of the' Dominion’s trade. •The depression at Home had led to reconditioning many factories which could not but help in improving trade. The'British manufacturer' , had. been shown something to beat and was beating it. ~ v, ! , ' 7 , TRADE WITH ARGENTINE. - RUGBY, Sept. 9. One of the results of the Conferences of- British Missions to Argentine has been the negotiation of a provisional agrement which should be of the utmost' value to trade and commercial relations between the two countries. Details of this provisional agreement are under consideration and discussion, but its object is to make provision for the purchase, du ring . the next two years, of Bli£iMi’iii anil f flcVfttres to' ..the extent of ajpproximajtely-.fiSjpOOjOOO. required by. the.. Argentine Government for their railways aridrpublid works, in return for the purchase through tradb channels of Argentine food products of a similar .value. - • •