TEXTILE TRADE COMPETITION

Press, Volume LXX, Issue 21086, 10 February 1934, Page 13

TEXTILE TRADE COMPETITION

I JAPANESE DELEGATES IN | LONDON j - PRELIMINARY NEGOTIATIONS (FROM OLIt own I'OR RESPOND EXT.) LONDON, January 2. The third conference in this country between the Lancashire and Japanese cotton trade delegations took place in London last week. At the close the following agreed statement was issued:— "The negotiating committee of the British cotton and artificial silk industries met the Japanese cotton industry representatives at the offices of the Association of British Chambers of Commerce to-day. It was stated by the Japanese delegation that it had been mutually agreed between the British and Japanese Governments last J f uly that formal negotiations should commence in London after the meetings in India had been concluded. The British delegates felt that the time had now arrived at which progress in London could be made. After discussion, i the following resolutions were passed:— "(1) The Japanese and British delegations are of opinion that the interests of both countries and the ] industries of both would be best served by commencing the official j industrial negotiations as soon as j possible. I "Note.—ln adopting this resolution I the Japanese delegation again exj pi. vned that they had not been | officially authorised to commence i negotiations, and undertook immeJ diately to seek the necessary authority. I "(2) The British delegation is of j opinion that the cotton and artificial | silk industries are now so intricately involved each in the fortunes of the I other that the contemplated negol tiations must embrace artificial silk j yarn and fabrics. In their opinion | the necessary steps should, therefore, be taken forthwith to enable questions affecting the artificial silk trade to be dealt with. "The Japanese delegation, although representing only the cotton industry of Japan, undertakes to communicate this opinion to the appropriate authorities in Japan." The date of the next conference in this country, it is understood, now j rests with the Japanese. The meetI ing will bo called as soon as the J Japanese delegation received inI structions from Japan authorising it j to open formal negotiations on the j broader basis of discussion that the ' Lancashire delegation have sug- ! gested by combining artificial silk and cotton commodities in the deliberations. In any case, no further meeting is expected for some weeks.