STEEL SUPPLIES
ATTITUDE OF AUSTRALIAN MANUFACTURERS. . OBJECTION TO VIRTUAL LOAN. By Telegraph—Press Association—Copyright SYDNEY, June 27. Representatives of Australian Steel suppliers state, in reply to New Zealand complaints of the withholding of further orders, that continued shipments of heavy goods on the basis of deferred payment would virtually amount to a loan to New Zealand of capital which the industries concerned could better use in their own undertakings. Acceptance of payments in'New Zealand on the understanding of a subsequent transfer to Australia would be a gamble on the ultimate behaviour of the New Zealand exchange. The fact that the New Zealand Government had planned to create its own iron and steel industry disposed cf any argument that New Zealand is entitled to special consideration as a prospective permanment customer for Australian heavy goods.
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Wairarapa Times-Age, 28 June 1939, Page 5
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133STEEL SUPPLIES Wairarapa Times-Age, 28 June 1939, Page 5
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