TRADE POLICY

Wairarapa Times-Age, 3 May 1939, Page 5

TRADE POLICY

BUSINESS MEN ATTACK RESTRICTIONS. WELLINGTON RESOLUTION. (By Telegraph—Press Association.) WELLINGTON, This Day. Strong condemnation of the import control regulations, which were described as ill-considered, clumsy, ineffective and, above all, inequitable, was expressed at a special meeting of the Wellington cnamber of Commerce held last evemhg to give members an opportunity of discussing the regulations. It was further contended that the whole of the blame for the unsatisfactory position of the London funds rested with the Government and with nobody else. The president of the chamber, Captain S. Holm, presided. The following motion, moved by Mr Stronach Paterson, of the Associated Chambers of Commerce, and seconded by Mr P. E. Pattrick, immediate past-president of the Wellington chamber, was passed. “While fully realising the value to importers, wholesalers and retailers of definite knowledge as to the detailed restrictions to be imposed on imports during the second period, this meeting of members of the Wellington Chamber of Commerce considers that the imposition of' such drastic restrictions must result in additional unemployment, and in such a dislocation of commerce generally as to bring about, among other results, a still further increase in the cost of living and a further decrease in the purchasing power of money, and urges that the suggestions of the Importers’ National Committee should be given more serious consideration by the Government.”