AUSTRALIA’S REASONS
Rejection of Germany’s Barter Proposals
SUBSTANCE OF REQUESTS
(Received February 5, 9.10 p.m.)
Canberra, February 5. Exjflainiug further why Australia was unable to entertain the German proposals to barter mQtor-cars for wool, Sir Henry Gullett, Minister in Charge of Trade Treaties, said that the German proposals included a request for British preferential rate of duty, also an adjustment of the exchange rate as between Australian currency and gold.
To agree to the first request would mean that similar terms would have to be given goods of all other woolbuying countries while an adjustment of the exchange would mean recasting Australian tariff and destroying the British preferential system. The proposals would also violate the most-favoured-nation treatment with many foreign countries.
Sir Henry Gullett added |that the Commonwealth was conscious of the value of the German market and every effort would be made to come to satisfactory arrangements.
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Bibliographic details
Dominion, Volume 29, Issue 113, 6 February 1936, Page 9
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148AUSTRALIA’S REASONS Dominion, Volume 29, Issue 113, 6 February 1936, Page 9
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