GERMANY WANTED TOO MUCH.
WHY AUSTRALIA REFUSED BARTER OFFER. (By Telegraph-Press Assn.-Copyright) Received Wednesday, 9.50 p.m. CANBERRA, Feb. 5. Explaining further why Australia is unable to entertain the German proposals to barter motor cars for wool, Sir Henry Gulicit said the German proposals included a request for the British preferential rate of duty, also au 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 to the goods of all other woolbuying countries, while an adjustment of the exchange would mean the recasting of the Australian tariff and destroying the British preferential system. The proposals would also violate the mostfavoured 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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Horowhenua Chronicle, 6 February 1936, Page 3
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150GERMANY WANTED TOO MUCH. Horowhenua Chronicle, 6 February 1936, Page 3
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