STABILITY NEEDED

Hokitika Guardian, 8 July 1932, Page 6

STABILITY NEEDED

EXPANSION OF MARKET^.

F.U. PRESIDENTIAL ADDRESS

WELLINGTON, July 7. -Stabilisation, as effecting industry, commerce and finance, is the only remedy tor present conditions which uill result in 'the recovery of the farming industry and a- revivalll of trade, according to the president of the 1 aimers’ Union, Mr Colin who. addressed the annual conference ' today. Mr Macintosh, in a. lengthy speech, dealt with the stabilisation of production, employment, prices baulking, currency, exchange, the individ'iir al and the Government.

Production of primary produce could not expand to any extent, he said, until the farming community was assured of a market that could absorb its output at a price that was both payable and stable. Figures showed that the imports into Great Britain from South America had increased four and a half times in nineteen years, ( whila imports from New Zealand had barely doubled. It was for that reason that the Farmers’ Union had supported the recommendation to the New Zealand Government that a quota system, together with a preferential tariff .should .be advocated at Ottawa. , “The fact that two - Dominions of the Empire cannot offer, direct advantages to one another has been, the great -Stumbling block to inter-Empire trading. Australia and New Zealand cannot trade with each other becjiu.s6 they are .competitors. L harie Mw'tfystaken the view that this harrier can be. got round if “triangular” arrangements evolved from a central clearing house such as Ottawa may . evq|ve,” added Mr Macintosh.

; ’“But apart from‘the Empire considerations the expansion of se\£,,£ealand’s overseas trade is a prime consideration which is not being adequately' grappled with by this country. A combinedpush by the manufacturers., -and farmers, assisted, by the Goyeimrtient,- could I am satisfied achieve ~1'Or;. suits %. the markets available -witliip; a -reasonable -radius of our shores" I ’,