Rejection Of Japanese Offer By Australia
(Rec. 11.40 a.m.) SYDNEY, This Day.
The Commonwealth Government has refused to consider Japan’s offer to Australia of a partnership in her textile industry.
The Minister of Commerce. Mr Pollard, said the Australian Government had been informed of the Japanese offer, but more than profits wore involved. The plan was that Australia should invest sterling capital in Japanese woollen mills, direct Japanese production and export, and share the textile profits.
A Commonwealth Government spokesman said the Japanese had offered Australia vast profits, but Australia, must build up her own textile trade with employment for her own people.
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Greymouth Evening Star, 9 August 1948, Page 5
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103Rejection Of Japanese Offer By Australia Greymouth Evening Star, 9 August 1948, Page 5
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