IMPORT POSITION

Waikato Times, Volume 127, Issue 21226, 24 September 1940, Page 7

IMPORT POSITION

STATEMENT CRITICISED BRITAIN’S EXPORT POLICY BALANCE WITH NEW ZEALAND (By Telegraph.—Press Association) AUCKLAND, Monday “The Minister’s statement does not accord with the constant appeals from Britain for increased orders by importers throughout New Zealand,” said Mr Gainor Jackson, president of the Bureau of Importers, today when criticising the Hon. W. Nash’s statement that “Britain does not want credits in New Zealand but wants them in countries where credits will do more good.” Mr Jackson said Britain was endeavouring by every means in her power to increase her exports so that the war effort be sustained by the economic arm. “In the light of the trade balances in recent years,” Mr Jackson said, “Mr Nash’s policy of import restrictions would appear to be anything but helpful to the United Kingdom.” For the seven months of this year to July, said Mr Jackson, exports to Britain were £43,994,256 and imports £14,234,326, showing an excess of exports of £29,759,930. This large and increasing disparity in trade spoke for itself.