THE TEXTILE INDUSTRY

Otago Daily Times, Issue 22100, 2 November 1933, Page 9

THE TEXTILE INDUSTRY

JAPANESE COMPETITION POSITION GROWING WORSE (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, October 31. The Standard says: “Britain must adopt drastic measures to deal with Japanese textile competition. In consequence of Japan’s depreciated currency and other reasons, some British manufacturers could not compete with the Japanese even if they were relieved of the necessity of paying wages, dividends or freights. The situation is ■ growing worse, and the ordinary tariff is ineffective. Special duties on competitive articles are imperative, LOW JAPANESE WAGE RATE. LONDON, October 31. Sir Henry Page Croft, M.P. for Bournemouth, at a meeting at Manchester, said: “We are faced with Japanese competition on all sides.” He emphasised the low Japanese wage rate and added: “I cannot understands why we permit our cotton goods to be driven from the markets in the Crown colonies and protectorates when we could insist on preferential treatment.’/ He urged that it was essential to denounce the Treaty of St. Germain-en-Laye, whereby Kenya, Uganda, and Nyasaland were placed on a Freetrade basis. Sir Henry Page Croft added: “ Make sure of the Empire markets while you can. The French and Italians don’t stand any nonsense in their colonies.”