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Hokitika Guardian, 2 December 1930, Page 4

hoME accredited representatives of the British manufacturers who are in New Zealand at present to assist in .fostering inter-trading, with Britain and, the Dominion, make the pleasin' l, statement that at present England is possibly the strongest economically of all the nations. This means most probably that British finance is well ordered and governed by a very sound banking system, and that counts always fbr .stabilised credit. New Zealand fjs probably no less fortunate in its'scheme of banking, which accounts for the better financial atmosphere prevailing In the Dominion compared with sister nations. Britain owes a tremendous sum. but its deibt is wellordered. and admin[stored. and though tho amount, sounds, and is, enormous, there is the trade backing to help tillougli with the payments. S’o far as trading relations with the outside world are concerned, the Dominion’s best market is Britain. There is sent the bulk of our exports, and v'vinroeity in trading is a good thing in snob circumstances. New Zealand relative-: lv is a large customer to Britain, the highest per capita buyer, as a matter of fact, and it was due to that fact no doubt that so much was hoped from Mr 'Forbes’ mission in the direction of securing some Dominion preference for tire exDantling Empire trade. Probably the best course to pursue to help our befit customer, as Britain undoubtedly is, i s to buy more from Britain and less from foreign nations. The foreign countries have their barriers against New Zealand goods, and seeing that Britain absorbs fio much of our exports, reciprocal trading should become morn’ and more pronounced. Certainly the secondary industries within the Dominion deserve to be supported to the fullest extent, but there are manv lines we are prone to import from foreign countries which are not customers of our goods, and it would be well in puch instances to revise our svstem of trading rotations. Dude is the main spring for general prosperity and the more prosperous the Motherland is the greater would be the demand for the Dominion products. There is a strong movement afoot for more intimate trading relations. apart from what mnv be done politically, and that i* a, healthy svn at this juncture. The greater the trade with Britain the more no vantage to our ultimate economic position and flourishing existence. I