BERLIN DISAPPOINTED

Ashburton Guardian, Volume 56, Issue 97, 5 February 1936, Page 6

BERLIN DISAPPOINTED

RESPONSE TO BARTERING PLAN. AUSTRALIA AND NEW ZEALAND. (United Press Association—Copyright.) LONDON, February 4. “There is disappointment in official circles that the Australian Government does not allow the barter exchange of motor-cars Tor wool,” says the Berlin correspondent of the Australian Associated Press. “Similar deals between Germany and other countries are being negotiated to the extent of hundreds a week. “Germany is anxious to facilitate the direct import of Australian unscoured merino and other high-grade wool, as far as this can bo reconciled with the plan of Dr. Schacht (Minister for National Economy), under which Germany can only import from each country to the extent of her exports. “It pointed out that South Africa reacted immediately to the barter scheme, and, for example, while Australia’s sales of wool to Germany shrank to a quarter of the former volume and Nlew Zealand’s to a tenth, South Africa’s exports increased by more than 33 per cent, and the Argentine’s by 61. per cent.”

PROPOSALS NOT PRACTICABLE. AUSTRALIAN MINISTER’S VIEW. CANBERRA, February 4. The Minister in Charge of Trade Treaties (Sir Henry Gullett) described as impracticable the recently advanced proposals that Australian wool should be exchanged for German motor-cars. He said that the Commonwealth Government could not give the least support to a barter arrangement with one foreign woolbuying country unless benefits of such a barter system were extended to all Australia’s good foreign wool customers.