TRADE INROADS.

Auckland Star, Volume LXIV, Issue 253, 26 October 1933, Page 7

TRADE INROADS.

BRITISH INQUIRIES.

Japanese Shirts " Flooding"

The Markets.

BATHING COSTUMES TOR 2JD.

(United P.A.—Electric Telegraph—Copyright)

LOXDON, October 25. The Government is making a most comprehensive investigation of the effects of Japanese competition on British trade, with a view to discussions between British and Japanese industrialists in the middle of November. The hope is that instead of resorting to higher tariffs to protect the home manufacturer against the low wages, Government subsidies and depreciated currency in Japan, a more amicable solution may be found by agreement between the two countries. Manchester shirt manufacturers are the latest to suffer from a sudden flooding of the market with cheap Japanese wares. Whereas the price of English shirts is 32/ a dozen, Japanese are being sold in Manchester by retailers at 21/. Japanese bathing costumes are being offered at twopence halfpenny each. Lancashire is faced with further troubles in connection with the more looms per weaver movement, which is causing threats of a strike by the cotton workers and threats of drastic wage cuts by the employers. This in spite of the fact that it is obvious that a stoppage at the present time would result in irrecoverable losses.