FULL & FRANK.

Wairarapa Times-Age, 15 June 1939, Page 7

FULL & FRANK.

DISCUSSIONS IN UNITED KINGDOM MR NASH AND BRITISH MANUFACi URERS. ATTITUDE OF FEDERATION OF INDUSTRIES. By Telegraph—Press Association—Copyright (Received This Day, 9.40 a.m.) LONDON, June 14. Mr W. Nash, New Zealand Finance Minister, described his conversations with manufacturers as full and frank. He admitted that they sought fuller markets in New Zealand, but said they were satisfied that the New Zealand Government was not showing unfair discrimination. The Federation of British Industries executive, however, has condemned New Zealand’s policy as a breach of the Ottawa agreement, contrary to the interests of the Empire as a whole. The New Zealand Government's offer to lift licences in favour of manufacturers willing to allow payment of goods to remain in the Dominion for an unstated time and rate is stated to be wholly unacceptable. Mr Nash is making little progress with loan discussions, partly owing to the unfavourable atmospnere after the Australian loan, and partly to criticism of New Zealand policy, and he may be forced to ask the British Government to help out New Zealand.

NEW ZEALAND AIMS

EXPLAINED BY FINANCE MINISTER REDUCTION OF TRADE NOT DESIRED. (Received This Day, 9.5 a.m.) LONDON, June 14. In a letter to the "Manchester Guardian." in reply to criticism, Mr Nash declares that the New Zealand Government is satisfied that licensing is the most appropriate method of contracting imports. It does not desire to reduce trade, especially with Britain. New Zealand is not in the least enamoured of self-sufficiency, but wants to extend trade and secure it against disastrous boom and slump fluctuations. The city editor, of the "Manchester Guardian” points out that anxiety on the part of city business men and exporters is not making Mr Nash's loan quest any easier, due to the fact that people who can provide money want to be sure that it will not be used tj increase imports of industrial plant to enable New Zealand to further compete with imported manufactures. It should, however, be remembered that the Government has overcome a crisis in the Dominion that was due to the instability of export markets. Whether its policy will succeed in the long run is another matter. Controlled trade means that New Zealand, like the totalitarian States, is meeting retaliation from buyers of its produce.

AVIATION & DEFENCE

MR NASH MEETS CABINET MINISTERS. (Received This Day, 9.40 a.m.) LONDON, lune 14. _ Mr Nash discussed defence and aviation with members of the Cabinet, and expressed the opinion that the trans-Tasman air mail service should open in September. ,