CONTROL OF PROFITS

Wairarapa Times-Age, 31 October 1939, Page 4

CONTROL OF PROFITS

GOVERNMENT’S WAR POLICY ADDRESS BY MINISTER OF FINANCE. ARRANGEMENTS WITH BRITAIN. (By Telegraph—Press Association.) WELLINGTON, This Day. The policy of the Government in connection with all primary products was that war profits should be controlled and that was why it had been provided that prices should go no higher than those ruling on September 1, said the Minister of Finance and Marketing, Mr Nash, in a national radio broadcast from his office in Parliament Buildings, Wellington, last evening. The Government, said Mr Nash, had to make sure that "if the United Kingdom needed” any of these commodities they should be made available. It also had to make sure that they were rot available through neutral channels to enemy countries. Under the export regulations, the Government had provided that the export of hides and skins should be prohibited without the consent of the Minister of Customs. Exporters had been permitted to export by-products, with the exception of sheepskins, under permit from the Minister.

On September 23, the United Kingdom Government had advised that tinned meats, hides and calf skins would be required by it. Bobby calf skins of an average weight, of 41b would not be required in the United King,dom, and permits had been issued for the export.of bobby calf skins to the United States and Canada. Two days ago the Government had cabled the United Kingdom on the position of woolly sheep skins and had not yet received advice as to whether they were required at Home or not. Mr Nash emphasised that New Zealand industries had not suffered in any way and arrangements had been made to have them supplied with any local raw commodities they required. Tanners had been supplied with all the hides they required.