AUSTRALIA'S IMPORTS

Otago Daily Times, Issue 22889, 25 May 1936, Page 9

AUSTRALIA'S IMPORTS

ADOPTION OF THE LICENSING SYSTEM APPROVAL IN LONDON 'United Press Association) (By Electric Telegraph—Copyright) LONDON. May 23. ; (Received May 24, at 5.5 p.m.) Political quarters arc favourably impressed with the Australian tariff changes, especially as they are made unconditionally. Lest foreign countries adversely affected should associate the revision with joint Anglo-Australian action it is emphasised at Whitehall that no preliminary sounding was taken there. The changes are expected to minimise the problem of revising the Ottawa agreement, and i% approved on the grounds that such decisions are better made individually than being thrashed out on a large scale at conferences. NEWSPAPER COMMENT PREFERENCE FOR EMPIRE PRODUCTS LONDON, May 23. (Received May 24, at 5.5 p.m.) The Daily Mail says that Australia's action makes it mn™ than ever a matter of honour and selt-interest that Britain should reply by introducing a straight tariff with a thoroughly effective preference for Empire products. EXPORT OF JAPANESE RAYONS CONTROLLED TO AUSTRALIA TOKIO, May 22. (Received May 24, at 5.5 p.m.) The Ministry of Commerce and Industry has ordered the silk and rayon and textile exporters association strictly to control exports to Australia and other specified countries.

GENERAL SATISFACTION ASSISTANCE TO MOTOR TRADE INCREASE OF EMPLOYMENT. IMPORTS PROM UNITED STATES RESTRICTED. SYDNEY. May 23. (Received May 24. at (5.30 p.m.) Apart from woolgrowers, who fear that Japan may be irritated and may even seek reprisals, the announcement of Australh'.'a new tariff has caused general satisfaction. The motor trade of the Commonwealth Is reported to have received its biggest surprise for many years, while the farreaching readjustments of trade with exporting countries are expected to begin almost immediately. A substantial increase in employment In most of the protected industries is forecast. Importations of United States and Canadian chassis are to be restricted to 50,000 per year. There are no restrictions on Japanese rayon, on which the rates of duty are slightly increased, but large Australian purchases are likely to be diverted to Jnpan at the expense of t*.S United States. Trade in fashion goods from America, except as samples, will, it is expected, be diverted to France, which is a good customer of the counU-y. The United States will lose almost its entire Australian trade in refrigeration plant, toilet preparations, machinery, boots and .shoes paper and other manufactured products. "ANTI-.?APANESE MFASURE " OPENING SHOT IN TRADE WAR TOKIO, May 23. (Received May 24, at 6.30 p.m.) The press features Canberra's " antiJapanese measure" headlining it as an opening shot in a trade war. The press also comments on the wreck of treaty iftgotintions and reports that Mr Brennan. South African Trade Commissioner, is touring Western Jnpan actively canvassing the Osaka business houses and the Nagoya woollen mills for wool and other South African goods.