PAROCHIAL TRADE MOTTOES
WARNING TO NEW ZEALAND CANNOT HAVE IT BOTH WAYS With the shadow of revision. in Customs tariff hanging overhead a word of 'warning to Hew Zealand is issued by Sir George Elliott, chairman of directors of the Bank of New Zealand, who reminded shareholders yesterday that, with the changing world conditions, the tendency amongst the nations —not excluding the British overseas dependencies—is to heighten their customs barriers in order to encourage their manufacturing industries, and, as a consequence, British trade must suffer. “However much slue may dislike the idea,” he said, “Great Britain may yet be compelled, for the protection ol her own people, to change her policy and follow the pernicious example that is being set her, and, by the imposition of heavy protective duties, dose a market that has been open and free to the products of every race and nation. “Canada for the Canadians, Australia for the Australians, New Zealand for the New Zealanders, are popular, if selfish, mottoes. If Great Britain adopted the same slogan and acted on rt, the export trade of New Zealand, at any rate, might be prejudicially affected. “Our country cannot have it both ways; she cannot expect indefinitely to have a free market in the Old Country if her own Customs door is gradually being closed. “In the event of a revision of too New Zealand Customs tariff, tine aspect of a very serious question should receive the most careful considers* tion.”
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New Zealand Times, Volume LIII, Issue 12621, 4 December 1926, Page 5
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244PAROCHIAL TRADE MOTTOES New Zealand Times, Volume LIII, Issue 12621, 4 December 1926, Page 5
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