U.S.A.'S DISCOVERY
WAR DEBTS PARADOX. HAMILTON, October 5. “America-is |in a difficult position,” pointed out- Mr W. Goodfellow at a garden party.-here to-day, marking the occasion of his retirement as managing director of . the New Zealand Co-op. Dairy. “If she takes goods in settleI meat: of war . debt she will bankiupt p big proportion of f her producers. She has- got/herself into a serious mess. Tlie only; way out, in my opinion, is | cancellation of war debt. This will -stimulate buying oh the Continent and Vli end the present slump. Without ’t.- is and reduced te riffs > we can hope 'for little, alleviation,”' Mr Goodfellow | added that. Canadian workers were paid ' o n a lo\V. scale and there was little i cc-operation among the _ farmers. In •’the United States conditions were exI tremely 'had. Eponnous plants were working at one-third of. their .normal capacities. They were discovering that one-way -trade was impossible.. Tf they wanted to sell goods they bad to buy.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19321007.2.79
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 7 October 1932, Page 8
Word count
Tapeke kupu
162U.S.A.'S DISCOVERY Hokitika Guardian, 7 October 1932, Page 8
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in