WOOL REPRISAL.

Auckland Star, Volume LXIV, Issue 100, 1 May 1933, Page 7

WOOL REPRISAL.

JAPAN FEARS BRITAIN". LONDON, April 27. The derangement of the normal Japanese trade balance, due to the' depreciated yen, says the Tokyo correspondent of "The Times," is obscured by fears that Britain desires to penalise Japan for her Geneva policy. It is feared, also, that Britain seeks to exploit the Ottawa agreements in the interests of Lancashire. The Japanese threaten reprisals against Australian wool and Indian cotton. This attitude, adds the correspondent, appears to be largely bluster, owing to the manufacturers' dismay at losing the Indian trade. Officials prefer to await the result of the Government's negotiations before the Indian-Japanese agreement lapses. "The Sun" learns that the Foreign Office requested the Japanese Ambassador to call in connection with the delicate situation caused by the export of cheap Japanese goods to various parts of the Empire. Further discussions have been arranged. It is difficult, however, to see what can be done. The textile interests continue to press the Government, ut the Anglo-Japanese trade treaty ties Great, Britain. Moreover Britain is powerless in view of the Japanese workers' acceptance of penurious wages. Sir F. O. Lindley, British Ambassador to Japan, will discuss the problem when he shortly arrives on leave. The Manchester Chamber of Commerce ha 3 had further discussions with Mr. S. M. Bruce, who has forwarded the papers to Australia.