TRADE DISPUTE
BRITAIN AND JAPAN THE DEPRECIATED YEN LONDON, March 19 Lancashire industrialists declare that no amount of reorganisation would enable Britain to compete with Eastern wages standards and the depreciated yen. Mr. H. G. Spicer, a pioneer of the "more looms" policy, states that Lancashire's is one of tho most highly organised industries in the world. "No foreigner working in the mills here with our conditions could compete with our prices," he states. " The Japanese are using looms which Lancashire discarded 20 years ago." The Manchester Guardian gives prominence to an extract from the Osaka newspaper Mainichi assuming on March 3 that a breakdown of the cotton negotiations was inevitable, and adding: "Japan is well prepared for the consequences. Wo must expect more barriers. A strong point in our favour is that we can always; boycott Australian wool if the Empire boycotts Japanese. If Britain fights harder we only have to step on tho gas."
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New Zealand Herald, Volume LXXI, Issue 21755, 21 March 1934, Page 11
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156TRADE DISPUTE New Zealand Herald, Volume LXXI, Issue 21755, 21 March 1934, Page 11
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