RECIPROCITY WITH AUSTRALIA.
The reciprocity agreement with Australia, proposed in 1906, was not ratified by Parliament, states Sir Joseph Ward, for the reason that any advantage which would accrue to New Zealand would be outweighed by the sacrifices involved. It was argued that to give Australia the advantage of &d per pound on sugar would not only entail a loss of revenue, but would put the whole sugar trade of New Zealand into the hands of one large Australian company, who would control the mark°t, and that no benefit to the consumer would result. Th abandoning of the sugar duty has resulted in a loss of revenue of £20,000, but the concession is to the whole world. There could, of course, be no reciprocity as regards this commodity without reimposing the sugar duty, and the same remark applies to currants, and other goods on which duty was remitted by the Act of 1907. The position seems to be much the same now as in 1906. If a reciprocity agreement were arranged, New Zealand's sacrifices would probably outweigh any advantage.
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https://paperspast.natlib.govt.nz/newspapers/WAG19091112.2.8.3
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Wairarapa Age, Volume XXXII, Issue 9647, 12 November 1909, Page 4
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179RECIPROCITY WITH AUSTRALIA. Wairarapa Age, Volume XXXII, Issue 9647, 12 November 1909, Page 4
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