BRITISH ACTION.

Manawatu Standard, Volume LIV, Issue 137, 11 May 1934, Page 7

BRITISH ACTION.

JAPANESE TRADE RESTRICTION. INTERPRETATION AT TOKIO. TOKIO, May 10. The foreign spokesman described the effect of the announcement of British restrictions on Japanese trade as a psychological ono which, while being received with comparative calm, had shocked the Japanese people’s longstanding sentimental regard for Britain. “Before the Japanese Ambassador in London (Mr Matsudaira) could convey our queries and observations regarding Mr Runciman’s Note, Mr Itunciman announced the quotas with great suddenness,” lie said. “We are inclified to interpret Britain’s action as an infringement of our rights under the AngloJapanese Treaty, but we are still studying this aspect in accordance with the spirit and letter of the treaty and we will do our utmost to harmonise and maintain our friendly trade relations despite the British Government’s drastic action. “Years ago such an action would have greatly upset our industrialists, but now they have confidence to meet the challenge. Wo hope it will encourage them to further progress.” REACTION IN AUSTRALIA? INCREASED IMPORT PRESSURE. CANBERRA, May 10. Officials consider that one result of the British policy _ regarding Japanese exports will be to increase the pressure of Japanese imports on the Australian market. The balance of AustralianJapanese trade lias for many _ years been in favour of Australia. It is considered likely tliat the British Government will formally ask the Dominions to impose restrictions against Japan similar to those proposed in the colonies. Alternatively, Britain may seek concessions which could only be given at the expense of Japan’s trade with Australia.

it is unlikely that the Federal Government will discuss the suggestion that the Dominions restrict Japanese imports before Mr J. G. Latham’s return from the East.