NOTHING DOING.

Pahiatua Herald, Volume XLIII, Issue 13174, 5 February 1936, Page 5

NOTHING DOING.

CARS FOR WOOL. GERMAN OFFER REFUSED. United Press Assn.—By Electric T elegra ph—Copyright. LONDON. February 3The Australian Associated Press correspondent at Berlin says there is disappointment m official circles because the Australian Government is not allowing a barter deal of motor-cars for wool. Similar deals between Germany and other countries are being negotiated to the extent of hundreds weekly. Germany is anxious to facilitate the direct import of Australian unscoured Merino and. other high grade wool as far as can be reconciled with Dr. Schacht’s plan under which Germany will only import from each, country to the extent of exports thereto. It is pointed out that South Africa immediately reacted to the barter deal and as a result while Australian wool sales to Germany shrank to one quarter and New Zealand’s to one tenth, South Africa’s have increased more than 33 per cent and Argentine’s have increased 61 per cent. CANBERRA, February i. The Minister in charge of Trade Treaties (Air GulLett) described as impracticable the proposals advanced recently that Australian wool be exchanged for German motor-cars. He said the Commonwealth Government could not give the least support to a barter arrangement with one foreign wool-buying country unless the benefits of such a barter system were extended to all Australia’s good foreign wool -buvi 11 g custom or s.