RECIPROCAL TRADE

Sun (Auckland), Volume IV, Issue 1024, 15 July 1930, Page 11

RECIPROCAL TRADE

APPEAL FOR NEW ZEALAND In a Stoke-on-Trent newspaper, the High Commissioner for New Zealand, Sir T. M. Wilford, K.C., recently made a strong appeal to the people of Staffordshire to reciprocate New Zealand's considerable purchases of pottery by buying the Dominion’s produce. Mr. Wilford explained that New Zealand had paid more than £2,150,000 in the past six years for Staffordshire pottery products. It was fair to expect Staffordshire to buy. New Zealand butter instead of Danish. Tho High <'omniissioner also advised Staffordshire to develop its own production by extending trade in hightension porcelain insulators. It was a fact that the United States and Canadian manufacturers, not possessing suitable clay in America for the insulators, annually bought large qualities of Cornish clay to manufacture insulators and to send them on to the markets in New Zealand and Australia. AUSTRALIA'S CROP SYDNEY, Mdnday. It is officially stated that Australia has 1,000,000 tons of the 1929-30 season’s wheat still on hand. When the next new crop is harvested the problem of its disposal will become very serious, as the United States and Argentina each have a superabundance of wheat for which they are finding difficulty in securing profitable markets. It is quite possible that New South Wales and Victoria will form a joint pool. Negotiations in that direction are proceeding. MOUNT LYELL SMELTING Because of the prolonged dry season and the consequent low level of Lake Margaret, the directors of the Mount Lyell Mining and Railway Company, Limited, Tasmania, have announced that they consider it advisable, in order to conserve power, to discontinue smelting operations a few days earlier than usual. Other operations would bo continued. The output for the quarter would not be materially affected, as 2,090 tons of blister copper had already been produced, making the output for nine months of the current financial year 6.960 tons, compared with 5,276 tons for the corresponding period of the previous year. Results for the financial year ending September 30, 1930, will not be affected unless the unprecedented lack of rain continues.