[?]Alue Of Islands Trade

[?]o Australia and N-Zealand

A S the Pacific Islands economies f\ expand, they will turn to Aus tralia and New Zealand for

>chnlcal services, trained personnel,

iianufactured goods and capital, sates the Quarterly Survey of Aus ;*alia and New Zealand .Bank limited, in an article on Fiji. ( The Survey points out; Fijis aports are significant for Australia, iecause the United Kingdom and lustralia each supply about a third j the Colony’s requirements, with ew Zealand and United States also nportant suppliers.” It goes on: “Such markets as these are very nportant for the young secondary idustries of Australia and New ©aland, which have established jnnections in many Pacific Tern aries through companies already Derating in the sugar, gold, mer handising, shipping, banking and isurance industries. Development f tourist trade, with better air and =»a communications, also helps to lengthen the ties between these Duntries ... ...

“Technical knowledge and capital juipment are critically short, and Ithout them full utilisation of atural resources, even where rich, annot be expected. But as this gap ; filled, spending power expands

nd population increases, Pacific

emands will represent a worth while extension of the Australian

and New Zealand markets, which will be a great contribution towards large-scale production and cheaper unit costs in these countries.”