JAPAN MAY CUT WOOL BUYING
SHORTAGE OF STERLING (Rec. 8 p.m.) SYDNEY. June 11. Japan has warned Australia that she almost certainly will have to cut her purchases of wool drastically unless she can earn more sterling. TJie Canberra correspondent of the Sydney “Daily Telegraph” says the Federal Government is disturbed because reduced Japanese buying would weaken the wool market and cut down Australia’s export earnings. To avoid this, the Government is considering Japan’s request to ease Australian import restrictions to enable Japan to earn more sterling. The Japanese Embassy in Canberra revealed that the Japanese Government had given, the warning and made the request in a diplomatic Note.
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Press, Volume LXXXIX, Issue 27064, 12 June 1953, Page 10
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109JAPAN MAY CUT WOOL BUYING Press, Volume LXXXIX, Issue 27064, 12 June 1953, Page 10
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