Trade With China

Press, Volume XCVII, Issue 28550, 1 April 1958, Page 3

Trade With China

Sir.—Japan’s population i« Tokyo is the lamest city in the world with 8 535 000 These millions must be fed. Even With intensive agriculture, Japan can produce only 80 per cent, of her food requirements. This means food for 18 500.000 oeonle has to be imported. Just how rt an this food be imoorted unless Japan sells her exports to pay for it?— v ours. etc..

RALPH S WHEELER. Timaru, March 29. 1958.

Sir. —With a weather eye cocked at changing world relationships drastic alterations to our Western thought in trade policies and practices would seem unavoidable. As the world market becomes progressively more a buyers’ one, we must expect to trade on customers* terms rather than our own. Apparently Mr Dulles, in his attachment to Chiang Kai-shek and the bad American dollars he has let him have, has blinded his own weather eye. Mr Fussell may be correct: or he. too, may be turning aside from uncomfortable possibilities. For if the financial machine labours too ominously in respect of trading transactions at home or abroad commodity exchanges without its intermediary function may mean the difference between our economic sufficiency and production surpluses, with President Eisenhower’s feared loss of markets to Russia.— Yours, etc., FRANCIS WM. HEAL. March 29, 1958.