TRADE EXPANSION

Otago Daily Times, Issue 26632, 1 December 1947, Page 5

TRADE EXPANSION

EXPLOITATION OF WORLD’S RESOURCES

SCOPE FOR OLDER NATIONS Rec. 8 p.m. MONTREAL, Nov. 28. Reuter’s Havana correspondent reports that Mr Walter Nash (New Zealand), in a speech at the plenary session of the United Nations Trade Conference. said that living standards and production could be improved a hundredfold within a reasonably short period. The older nations could supply credit and capital equipment to the undeveloped nations to enable them to emptoy their people productively. Me, Nash outlined New Zealand's system of bulk sales and import controls. “We desire to continue with bulk sales and a system guaranteeing a price that will cover costs to our producers of meat and dairy products. We believe domestic planning and deliberate Government direction and the guiding of production and distri-

bution will in many cases bring belter results than a free play of market forces. We desire to continue the policy of quantitative regulation of our trade so long as this regulation provides, for the expansion of trade as opposed to restriction,” he continued. “ We have found over a period that a policy of import selection or quantitative regulation together with the control of exchange, has enabled us to develop more fully our resources.' Mr Nash said. “It has been stressed on- a number of occasions that the continuity of these policies is essential to ensure the maximum internal development. The dangers of unqualified restrictions are recognised, and New Zealand has always been prepared to subscribe to any reasonable safeguard against abuse.” Mr Nash added that the world had been divided too long into two groups —the dominant and the subservient — and exploitation one by the other had brought about an unjust and undesirable state of tension. Some colonising nations had made a great contribution to the expansion of production and the raising of living standards, but jriany methods adopted in the past would not be tolerated in the world of the future.