BIDS FOR TRADE

New Zealand Herald, Volume LXXVI, Issue 23272, 15 February 1939, Page 13

BIDS FOR TRADE

FOUR NEW PACTS GERMAN ARRANGEMENTS SYSTEM OF BARTERING OVERTURES FROM PARIS By Telegraph—Press Association—Copyright v (Received February 14, 5.5 p.m.) „ • LOMEON, Feb. 13, Four trade pacts involving six countries are being signed this week. It is officially announced in Rome that an Italo-German pact has already been signed providing for an exchange of goods valued at £34,200,000 annually. Italy will buy coal, and Germany will purchase foodstuffs, textiles, hemp and silk. Secondly, a member of the French Ministry of Commerce has gone to Berlin to conclude a trade agreement. Thirdly, Germany and Norway are negotiating for the transfer to Germany of orders previously supplied by Czechs from Sudetenland. Fourthly, there is the pact between Poland and Russia concluded yesterday.

AMERICAN DEAD ta < PRODUCTS FOR NAZIS LARD, WHEAT AND FRUIT MANUFACTURES IN EXCHANGE (Received February 14, 5.5 p.m.) WASHINGTON, Feb. 13 It is reported that an extensive barter deal between Germany and midwestern co-operative farm and packing organisations is being negotiated, under which lard, wheat and other primary products would be directly exchanged for German manufactures. Germany is prepared to take several hundred tons of lard and 150,000 tons of wheat.

Similar arrangements haTe already been entered upon by Californian citrus fruit growers and Virginian apple growers for German fertiliser. The Secretary of State, Mr. Cordell Hull, has indicated that he will not object to pure barter as long as it is not accompanied by artificial currency devices, and does not interfere with the Government's reciprocal trade agreement programme.

BRITAIN'S POLICY

DEVELOPINQ COMMERCE (Received February 14, 6.30 p.m.) British Wireless LONDON, Feb. 1 & The policy of the British Government is to maintain and, as far as possible develop, trade between Britain and the Danubian countries, and so contribute to the economic situation of those countries, said the Foreign Under-Secretary, Mr. R. A. Butler, in the House of Commons to-day. Mr. It. S. Hudson, Parliamentary Secretary for Overseas Trade, stated that the despatch of a trade mission to Rumania in the near future was under consideration.

Negotiations between the British and Indian Governments for a new trade agreement have not yet been concluded, but- the President of the Board of Trade, Mr. Oliver Stanley, in the House of Commons said he hoped it would be possible to bring the negotiations to an early conclusion.