TRADE POLICY
NEW ZEALAND PLEDGES TO BRITAIN VIEW OF LONDON “TIMES” SAVING SPIRIT OF OTTAWA. NO PROTEST AGAINST VIOLATION IN LETTER. I Independent Cable Service. I LONDON. July 21. “The Timos” in an editorial points out that the memorandum on the grant oi export credits to New Zealand takes notice of the reassurances given by Mr Nash with regard to the application of the licensing system, amounting to a declaration that British trade to New Zealand will continue to enjoy the advantages stipulated at Ottawa though the Ottawa agreement was not mentioned. The assurances are not new, having been given originally by Mr Savage and reiterated by Mr Nash, it states, and adds: "Their incorporation in the joint memorandum may be regarded as an attempt to save the spirit of the Ottawa Agreement while not protesting against violation in letter." The "Daily Express" (Independent) says that New Zealand should have been given more. It welcomes the first instalment of the policy of lending to, British countries instead of squandering funds abroad.
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Wairarapa Times-Age, 22 July 1939, Page 7
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171TRADE POLICY Wairarapa Times-Age, 22 July 1939, Page 7
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