U.S. TARIFF

Hokitika Guardian, 21 June 1930, Page 4

U.S. TARIFF

RESULT OF TARIFF, lUnited Press Association—Bv Electric Telegraph.-rQopyright.) SYDNEY, June 20. Hon. Air Fenton, .Minister for Customs, returned by the Aorangi to-day. He has brought back, a, long list of manufacturers who contemplate opening up business in Australia. The Minister .is more than eyer convinced! that protection is the right policy for the Commonwealth'//while Empire free trade is absolutely, outside the bounds; of practical . politics. . Air Fenton states;(that .financiers abroad had complete confidence in the Commonwealth’s future.

MR SCULLIN’S MOVE. LONDON, Jun e 20. Hon. J. H. Scullin, the Commonwealth Prime invitation to the Bank of England for a consultation on the Exchange problem, as it . affects Australia., overseas (as cabled, yesterday) is generally approved by the London financial .writers. The “Financial .Times” reveals that Sir Otto Neimejer (who is going to Australia in this connection), will be accompanied by two assisants. In an editorial, the paper adds:' “Both Britain and Australia are to be congratulated on this appointment. The investigation must be. a far broader one than the mere mechanism of exchange. The more that the Australian authorities and the Bank of England' know oath other’s views and. plans, the sooner will he the path to* v Subsequent financial intercourse pm sound lines.