MARKETS INVADED.

Auckland Star, Volume LXIV, Issue 258, 1 November 1933, Page 7

MARKETS INVADED.

.Japanese Competition On EverySide Against Britain. PROTECTION URGED. (Received 11.30 a.m.) LONDON, October 31. Sir Henry Page-Croft, M.P. (Con., Bournemouth), at a meeting in Manchester, said: "We are faced with Japanese competition on all sides." He emphasised the low Japanese wage rates, and added: "I cannot understand why we permit our cotton goods to be driven from the markets in our Crown colonies and protectorates when we could insist on preferential treatment." He urged that it was essential to denounce the treaty whereby Kenya, Uganda and Nyasaland were placed on a free trade basis, and added: "Make sure of the Empire markets while you can. The French and Italians don't stand any nonsense in their colonies." The "Evening Standard" says that Britain must adopt drastic measures to deal with Japanese textile competition. In consequence of the depreciated currency and other reasons some of the British manufacturers could not compete with the Japanese even if they were relieved of the necessity of paying wages, dividends and freights. The situation is growing worse. Ordinary tariff is ineffective, and special duties on com- ' jjetitjxe articles .