IMPORT CONTROL

Wairarapa Times-Age, 20 December 1938, Page 7

IMPORT CONTROL

NEW ZEALAND’S TROUBLES EXPRESSION OF SYMPATHY IN AUSTRALIA. COMMONWEALTH ALSO FACING PROBLEMS. By Telegraph—Press Association—Copyright. SYDNEY, December 19. The “Sun,” in an editorial tonight, says that the New Zealand Government’s troubles with external finance should not meet with any lack of sympathy in the Commonwealth. Recalling that Australia was faced with a similar position, the paper says that Mr Savage is now doing what Mr Scullin did in 1932. The steps taken on that occasion, amounting to an actual prohibition of some imports and a fixing of a quota in other cases, were applauded by all who were able to forget party. These steps were effective and they stopped the drift. The paper adds that there is naturally some interest for Australians in the unsympathetic reaction of British industries to New Zealand’s troubles as the Commonwealth’s own London funds are in the process of depletion. The cure is either to discourage over-importing or to allow British manufacturers to bring Australia to a point at which she is willing to accept a British loan in order to finance her imports ■ and to pay interest on the goods she imports —a position which the Australian public is not likely to accept. Not even to please Manchester is it likely that the Commonwealth or New Zealand will carry on that bad tradition.