N.Z RESTRICTIONS

Waikato Times, Volume 124, Issue 20821, 3 June 1939, Page 7

N.Z RESTRICTIONS

EXCHANGE CONTROL MR NASH IN LONDON TRADE AND FINANCE (United Press Assn.—Eiec. Tel. Copyright) LONDON, June 2 In a leading article on the mission of Mr Walter Nash, New Zealand Minister of Finance, the Times says trade and financial discussions are likely to present difficulties. Many British manufacturers resent exchange control as a violation of the Ottawa agreement, it is believed* tiiat it will break down and cause a tjood deal of mischief. Manufacturers are not satisfied by the assurances of the Prime Minister, Mr Savage, and Mr Nash that the reduction of-trade is not permanent. It is not denied that New Zealand has the right to adopt any economic system he desires, but it is contended that she should have greater regard for the interests and treaty rights of her best customer. Controversy has not improved New Zealand's credit in the London market and Mr Nash is likely to And difficulty in negotiating the conversion of the ill 7,000,000 loan on favourable terms.

DEFENCE, TRADE, FINANCE PROGRAMME OF DISCUSSIONS ARRANGED BY MR NASH United Press Assn.—Elec. Tel. Copyright) (Received June 3, 11.35 a.m.) LONDON, June 2 The New Zealand Minister of Finance, Mr W. Nash, saw Sir T. Inskip, Secretary of State for the Dominions, and arranged a programme of discussions, including a joint meeting of Ministers connected with defence, trade and finance, early next week. Mr Nash will spend the week-end at Birmingham.