NEW MARKETS

Hokitika Guardian, 29 July 1933, Page 5

NEW MARKETS

MR FORBES’ QUEST

LITTLE OPTIMISM IN AUCKLAND

(Per Press Association—Copyright)

AUCKLAND, July 28

Thera is no feeling of optimism among produce exporters in Auckl -ml, concerning Mr Forbes’ forthcoming viral to Washington. One pointed out that the wholesale price of butter in New York, yesterday, was a shilling a pound. The duties 'amounted to 7d, and 2d mus; be -allowed for tho cost cl placing the butler on the market. London buyers ■to-day were offering 9jd. Even if tho American tariff were abolished, it would bo difficult for New Zealand to sell fbucter there. M r Koasevelt’s aim was to increase the internal price levels, and a large quantity of New Zetland butter would lower prices. In the -case of Canada, the increase in wheat and wool prices wourd be ilol'/owed by a certain amount oj change over from dairying, which later would enable more New ~ear:.n<i produce to be sold, but the total would be only a small percentage of ou r production.

j Another exporter said that; (Mr Forbes might ns wel] stay ‘in London. If ho obtained any concession Washington, -he would have to pay dearly for it.

Tho president of the Chamber of Commerce (Mr Turner) s aid that any agreement arrived -at must '-be decisively in New Zealand’s favour, because tho present balance of trade wre heavily in A'nerica’, s favour, and if must also not be detrimental to our trade wiih Britain. Unless the -agreement was very much to New Zealand’s advantage, and not to Britain’s disadvantage, the move would not be worth attempting.

DOMINIONS’ PRODUCE EXPORT 1

BRITAIN AND OTTAWA PARLEY

LONDON, July 27

While Dominion circles scout the suggestion that a crisis ig developing over the Ottawa negotiations it is believed that a difficult ■ stage has been reached, particularly over the British requests for -a- curtailment of Dominion exports of dairy products ana meat

Major Elliot realises .that British -agriculture was badly represented at the Ottawa Conference, and is belatedly trying to obtain -a better deal, assisted by Mr Thomas,- who i.s-main-taining that the Dominions are not implementing Ottawa by reducing tariffs. -and should bo more ready t-o make in the interests of British agriculture. The Dominions ictro now producing the latest figures to prove- that imports of British manufactures had increased since Ottawa.

It is understood that Major Elliot worrying less over the increase of butter exports than cheese, which is the chief (means of British farmers disposing of surplus milk. The demand for the restriction of cheese ex ports Austr'lia far fess than New Zealand, which i.s strongly contesting the proposal, owing to disastrous effects on producers. The Dominions’ delegations -are hoping for finality before the British 'Ministers begin to disperse for the holidays.