GERMAN BARTER SCHEME
WHY AUSTRALIA TURNED IT
DOWN
(Received 10 a.m.j
CANBERRA, February 5
The Federal Minister in Charge of Trade Treaties,_ Sir Henry Gullett, in an explanation of why Australia cannot entertain a German proposal to barter motor parts for wool, said the German proposals included a request for the British preferential rate of duty. Also they sought an adjustment of the exchange rate as between the Australian currency and gold.
To agree to the firgt request would mean that similar terms would have to be given, in respect to the goods of all other wool buying countries, and an adjustment of exchange would mean recasting the Australian tariff and destroying the British preferential system. Also it would violate the most favoured nation treatment with any foreign country
Sir Henry said the Commonwealth Government was conscious of the value of the German market, and every effort would be made to come to a satisfactory arrangement.
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Bibliographic details
Northern Advocate, 6 February 1936, Page 6
Word Count
156GERMAN BARTER SCHEME Northern Advocate, 6 February 1936, Page 6
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