WORLD TRADE

Waikato Times, Volume 124, Issue 20737, 22 February 1939, Page 7

WORLD TRADE

NECESSITY FOB EXPANSION BRITAIN WANTS FAIR SHARE (United Press Assn.—Elec. Tel. Copyright) LONDON, Feb. 20 The President of the Board of Trade Mr Oliver Stanley, at the Mansion House banquet in connection with the British Industries Fair, said the Government would not stand idly by and see markets lost. There were already too many “one-way streets” in international commercial traffic. No indidividual exporter could fight for markets against a whole nation. If other countries said they must export or die (the phrase used recently by Herr Hitler how fatally true it was that not merely Britain's riches and power, but her existence depended upon international trade. “We do not desire to monopolise the markets,’* said Mr Stanley, “but we must have a fair share of the export trade of the world. We believe cut-throat competition can be avoided.”

It was the Government’s belief that prosperity would return to the world only by an increase of international trade. That necessitated the lowering of barriers. He hoped the country would not be compelled to devote so great a part of the energies of the metal and other industries to armaments.

The High Commissioner for New Zealand. Mr XV. J. Jordan, was present at the banquet.