AUSTRALIAN TRADE

Dominion, Volume 10, Issue 3156, 7 August 1917, Page 6

AUSTRALIAN TRADE

GREAT INTEREST EVINCED New York, August 5. -• The New York "Times" states . that Mr. Stanley Rose, Chief of the Government Bureau of Commerce jn New York, makes the most favourable comment on the large foreign trade Australia has enjoyed in 1916, in spite of the severe strain of the war. He predicted a further increase in 1917, basing his statement on the figures and crop reports of the late American Consul-General in Sydney!' Mr. Eose stated that the United States had recently been most interested in the Australian trade possibilities, especially in view „of Japan's increased .trade, to Australia.

The New York "Times" savs that the suggestion of an Australian Trade Commissioner to America has been received most favourably. New York exporting circles favour the stationing of the Commissioner in New York instead of Washington, in order to facilitate the handling problems of exporters and the Australian, Tasmanian, and Now Zealand importers. The readjustment of tho monetary exchange is one of tho moat Important problems handicapping trade at present. The Australian system of exchange during the past year has added 3 to 5 per cent, to the cost of American goods over British imports to Australia. Improved shipping facilities were also necessary.—Aus.-N.Z. Cable Assn.