NEW DUTIES
SATISFACTION IN LANCASHIRE INCREASED EXPORTS OF TEXTILES EXPECTED (British Official Wireless) (Received 25th May, 11.35 a.m.) RUGBY, 23rd May. Great satisfaction is expressed in Lancashire with the Government’s announcement made by Australian House representatives yesterday of the introduction of new duties in the import licensing system, framed to divert a large portion of Australian buying from countries which at present draw little from Australia to those which buy a great deal, and especially the United Kingdom, which is her best customer. The revision of the cotton duties is expected to increase imports from Lancashire of textiles now bought from Japan by something like £1,000,000 more annually. , The President of the Manchester Chamber of Commerce says the changes represent a real effort by the Australian Government to secure distinction in the textile trade as between Britain and Japan. In the period 1933-36 British cotton exports to Australia fell from 137,000,000 to 104,000,000 yards, while Japanese exports rose from 28.000,000 to 50,000,000 yards. British exports of rayon goods to Australia remained steady at about 10,000,000 yards, while Japanese exports increased from 13,000,000 to 60,000,000 yards. For some time past the increasing balance in Australian trade with the United States has been causing great anxiety in the Commonwealth on account of the resulting embarrassment in the balancing of payments. Efforts have been made to secure cooperation of the Washington Government, who have been urged to relieve the position by buying more from Australia or by formulating some triangular arrangement making it easier for Australia to pay for the huge quantities of goods she has been accustomed to buy from the United States. Failure of these efforts caused the Commonwealth Government to take steps to reduce the volume of American imports. Even under the new system there remain a heavy unfavourable balance.
(Earlier messages will be found on page 2 of this issue.)
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Bibliographic details
Nelson Evening Mail, Volume LXX, 25 May 1936, Page 5
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311NEW DUTIES Nelson Evening Mail, Volume LXX, 25 May 1936, Page 5
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