LATE CABLES

Evening Star, Issue 17644, 25 April 1921, Page 8

LATE CABLES

STOP PRESS STEMS.

MELBOURNE. April 25. Sir John Higgins, chairman of " Hawra.’’ has published a statement regarding the wool position. He declares that there is ininiinient danger of°a complete collapse of the. wool market, and issues a stern warning against those who urge that the market should be •■allowed to take its course, thus encouraging wholesale undercutting of prices. He also declares that unrestricted competition will render the current season’s clip valueless, and he counsels the complete organisation of the wool interests in order to make the best of an unprecedentedly bad situation. He says tiro responsibility tor the threatened debacle must rest on the shoulders of those who fail to render assistance to Australia’s most important primary industry. Mr W. M. Hughes, speaking at Bendigo, referred to the Anglo-Japanese Treaty. Ha mentioned that Australia had never before been consulted on this subject, and declared that it wa. - well tin; treaty was in existence during the war. He asked : “Do you think it would have been an extraordinary thing, supposing there had been no treaty, that a great nation lino Japan, ’with its teeming millions and great military reputation, bad struck a blow at this great fertile continent of ours, full of those things which Japan required'; The possibility of another world war arising over a tiny island like Yap would be a disgrace to civilisation. I here must be some other minsSettling tire question. Wc must do our share in urgmg the necessity of a satisfactory alliance between Britain and Japan, which would also be to America,* It would save Australia millions yeax y.