AUSTRALIA AND JAPAN.
"Both sides are standing firm" in the Australian-Japanese trade dispute. The positive gains from the Commonwealth Government's policy are not yet apparent; the losses are obvious enough. Last year Japan imported 243,500,0001b of wool, of which 94 per cent was secured in Australia. Since ,the new trade decrees were announced Japan has decided to buy no more Australian wool than she must buy, and wool prices have fallen. Whether the fall is attributable to Japanese abstention from buying, or to general influences, is a question in dispute, but more important is the question of whether prices will remain at the lower level. If they do, the Government will, rightly or wrongly, be blamed for damaging an industry which last season produced wool worth £49,100,000. Such a feeling might easily have important political effects, for the slender links which bind the Country Party to the United Australia Party l would IwcU" stand the strain.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19360724.2.39
Bibliographic details
Auckland Star, Volume LXVII, Issue 174, 24 July 1936, Page 6
Word Count
156AUSTRALIA AND JAPAN. Auckland Star, Volume LXVII, Issue 174, 24 July 1936, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in