WOOLLENS FROM JAPAN

New Zealand Herald, Volume LXXI, Issue 21763, 31 March 1934, Page 11

WOOLLENS FROM JAPAN

BIG EXPORT PREDICTED BRITISH POLICY CRITICISED (Received March 30, 5.5 p.m.) LONDON. March 29 Mr. J. R. Remer, member of the House of Commons for Macclesfield, at a meeting of the central council of the National Union of Conservatives, vigorously denounced the Government's trade negotiations with Japan. He. criticised the contention of the President of the Board of Trade, Mr. Walter Runciman, that Britain could nob afford to act drastically as Japan was Australia's second best customer for wool.

At present, said Mr. Remer, Japan was a very large buyer of pedigree sheep and was consigning them to Manchuria, with a view to building up a great woollen industry. Not a pound of yarn or an ounce cf raw wool would be imported by Japan from Australia shortly. On the contrary Japan soon would be able to flood the British markets with cheap woollens. AUSTRALIAN WHEAT COMPLAINT OF DUMPING PARCELS FOR MANCHUKUO (Received March 30, 5.5 p.m.) TOKIO, March 29 The Tokio Chamber of Commerce is investigating complaints of the dumping of Australian wheat in Manchukuo, which is the biggest market for Japanese flour. Action against Australia, however, is not likely, /because the powerful Mitsui concern is one of the biggest handlers of the wheat.