Story: Economic thought

Import licence

Import licence

Import licensing was used from 1938 to control the quantity of imported goods. This import licence allows John Reid & Company to import a set amount of liquor sweeteners from France. Import licensing was introduced because of concerns about decreasing foreign reserves, and also to protect New Zealand industries – specifically the fledgling manufacturing industry. It was justified as a tool to encourage diversification in the economy.

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Auckland City Libraries - Tāmaki Pātaka Kōrero, Sir George Grey Special Collections
Reference: NZMS 763

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How to cite this page:

Gary Hawke, 'Economic thought - 1930s economic depression', Te Ara - the Encyclopedia of New Zealand, (accessed 11 December 2023)

Story by Gary Hawke, published 11 Mar 2010