TRADE IMPROVED

Hokitika Guardian, 17 September 1932, Page 3

TRADE IMPROVED

N.Z. AND CANADA. EFFECT OF NEW AGREEMENT AUCKLAND, September 14. The first substantial consignment oNew Zealand 1 produce tor Canada under the new trade agreement between the two countries - will be earn'd by the Canadian Cruiser, which is now loading qt Auckland after discharging and loading at southern ports. The vessel will lea .’e New Zealand on September h wuryuig several thousand boxes of butter and a small ijmount of wool and general cargo, including hides arid pelts. Most of the butter shipment will be loaded at Auckland. Particular interest attaches to. the Canadian Cruiser’s butter consi. nment l-ri view of the poss.b.htv of reviving the large trade in dairy produce formerly carried on with Canada. Owing to the Canadian dairy season being in full swing, earlier consignments of butter have not been possible. The season is now nearing its end, and there should be a definite decrease in piodijftiop,, whpji ,f heC an ad i a jiCr 11 ksc,r .arrived at Montreal about the middle of November. Exporters' consider that the prices for local . butter , in Canada will then have moved forward, and the New Zealand article can compete with it on an improved basis. It is stated that there is a demand for New Zealand butter at up to a premium of 2d on the local articlce.

“There has- been a definite fillip to trade both wa'S ag a result of the new agreement,” said Mr W. M. Luke, New Zealand manager for the C anadian National Steamships. “Dining the past few months . trade both southbound and northbound- has improved to' a marked extent. There have been also more inquiries for New Zealand produce from the Atlanti cast of the United States. Mr Luke said he had received a report from his Canadian principals stating that a very marked degree of optimism existed regarding future trade between the two Dominions, ft he company was viewing tho( posi-t-on with every confidence, and it had already provided an improved shipping service. It was confidently expected that Canada would he on the market for New Zealand produce to a greater extent than previously. Similarly, Canada expected to develop its New Zealand trade, and the next two vessels leaving Montreal for New Zea-l-rid would be fully laden with manufactured goods.