JAPAN’S ACTION
LITTLE AUSTRALIAN CONCERN
(Australian Press Association.)
« SYDNEY, May 28. Ihe report that Japan has decided .to reduce her annual takings of Australian wools to. 250 thousand bales' by buying in South Africa and New Zealand, is regarded as a drastic measure m wool circles at Sydney, but it is dontended that wool buyers from other countries who operated in South Africa and New Zealand, will be thereby compelled to transfer some of their obligations to Australia, as the suplies in any quarter cannot automatically be increased.
It is also argued that., if Japan buys more extensively in South Africa and New Zealand, she will find it necessary to change from the class of fabrics which she now chiefly produces. Topmaking wools mainly will be affected by the Japanese decision to boycott Australian wool. The fact that the Japanese do not intend to attend the Melbourne June auctions is not regarded very seriously by the wool buying brokers, who are discussing the whole question of trade with Japan early next month. RETALIATORY ACTION SUPPORT *(Received this dav at 11.45 a.m.) TOKIO, May as. The Economic Federation executive •committee, presided over by Baron Goli, passed a resolution that it would fully support the Government in retaliating against Australia.
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Bibliographic details
Hokitika Guardian, 29 May 1936, Page 5
Word Count
208JAPAN’S ACTION Hokitika Guardian, 29 May 1936, Page 5
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