FAIR SHARE WANTED

Wairarapa Times-Age, 22 February 1939, Page 5

FAIR SHARE WANTED

BRITAIN’S TRADE POLICY NOT GOING TO GIVE UP MARKETS. TOO MUCH ONE-WAY TRAFFIC. By Telegraph—Press Association—Copyright. LONDON, February 21. Speaking at a Mansion House banquet. in connection with the British Industries Fair, the President of the Board of Trade, Mr Oliver Stanley, declared that the Government would not stand idly by and see markets lost. There w'ere already too many oneway streets in international commercial traffic. No individual exporter could light for markets against a whole nation if other countries said they must export or die (a phrase used recently by Herr Hitler). “How fatally true it is that not merely our riches and power but also our existence depends on international trade,” said Mr Stanley. “We do not desire to monopolise markets, but must have a fair share of the export trade of the world. We believe that cutthroat competition is avoidable. ’ It was the Government’s belief that prosperity would return to the worlu only by an increase in international trade, necessitating the lowering of barriers. He hoped that the country would not long be compelled to devote so great a part of its energies to metal and other armament industries. The Prime Minister announced in the House of Commons that with a view to consolidating trade relations, Mr R. S. Hudson, Secretary for Overseas Trade, who is to go to Berlin, will also visit Moscow. As a preliminary to the opening, of conversations in Berlin next montl between the Federation of British Industries and the Reich’s Gruppe Industries, Mr Ashton Gwatkin, of the Economic Relations Department of the Foreign Office, will visit Berlin this week, states a British official wireless message.