WORLD TRADE
A GLOOMY VIEWPOINT. POSITION OF JAPAN. VALUE TO PROSPERITY. (United Press Association.—By Electric Telegraph.—Copyright.) Received June 25, 11 a.m. PARIS, June 24. The Congress of the International Chambers of Commerce has 1 opened here. Mr Van Vilissingen, in his presidential address, said the world’s economic conditions were worse than two years ago. As long As the foundations of world trade were not restored they could not have confidence in the future. Sir Arthur Balfour and Mr Yosaburo Ito agreed that Japanese competition in world markets promoted general wealth. Mr Ito explained that export trade was vital to Japan, where the livelihood of 70,000,000 people depended on the importation of raw materials. Moreover, Japan could pay her creditors only by exports. AH countries desired the opening of new markets, which was attainable by allowing Japan to increase her wealth through importation and thus become a great buying country.
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Manawatu Standard, Volume LV, Issue 176, 25 June 1935, Page 7
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149WORLD TRADE Manawatu Standard, Volume LV, Issue 176, 25 June 1935, Page 7
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