TRADE WITH GERMANY

Otago Daily Times, Issue 22371, 19 September 1934, Page 7

TRADE WITH GERMANY

BRADFORD’S ATTITUDE DEBT SETTLEMENT FIRST (British Official Wireless.) RUGBY, September 17. In accordance with a resolution passed at a meeting at Bradford, at which the problems of trade with Germany in so far as they affect cotton and wool textiles and the coal exporting interests of the north were considered, an influential deputation, comprising 50 members, visited the Board of Trade and made a full statement qf its views with regard to outstanding commercial debts and current trade, and representatives of the cotton and wool yarn interests made it clear that they regarded an immediate settlement of the existing debts as of paramount importance, and as an indispensable condition to the resumption of. trade with Germany.

GERMANY’S WOOL EMBARGO

LONDON, September 17. It is understood that Sir Frederick Leith Ross’s mission is making a special effort, to* get Germany to ease the embargo on wool imports, but Government circles are pessimistic. The Germans profess to be anxious to revive mutual trade; nevertheless the latest trade returns show, that Germany’s actions are further restricting imports.

DELEGATION TO GERMANY

LONDON, September 18. (Received Sept. 18, at 9.15 p.m.) The Leith Ross’ delegation has departed for Germany. It is expected to report on the results of its investigations to a special meeting of the Cabinet next week. The Government will then? consider possible lines of action. Sir Frederick Leith Ross has no plenary powers, but will secure the fullest information about the • German economic position and will press for payment of the outstanding commercial debts, the total’of which is now stated to be £1,750,000.