EUROPEAN TRADE

Poverty Bay Herald, Volume LII, Issue 16209, 6 December 1926, Page 7

EUROPEAN TRADE

ANGLO-GERMAN REVIEW MORE TARIFFS OPPOSED (Australian and N.Z; Cable AssocTatfaaU (Received December 6,-~1l Son.) * LONDON, Dec.'s. The conference of delegates of the British and German Federations of . Industries in London issued a communique stating'that it was agreed that a detailed discussion on tariffs.is at present premature, but preparatory work is possible. It also diaeuased plans for an interchange of information relating to costs of production.■•• The communique adds: .'{.Though the work was entirely , exploratory, ■» the greatest cordiality was manifested. The discussion showed that the field for co-operation is wider than was anticipated." CORDIAL RELATIONS NO INTERNATIONAL COMBINES (Australian and N.Z. Cable Association.) (Received December 6, noon). LONDON, Dec. 5. Expressions of cordiality marked the conclusion of the two days' conference of the British and German Federations of Industry. The official report mentions that the organisations will further investigate the general European economic situation. w,ith - a view to their next iueeting, and also that discussions were held on the; question of the possibility of increasingj credit insurance, and the supply of information on the credit of potential customers. No further steps will be taken, however, until' after the forthcoming international meeting of representatives of European insurance companies.

Both organisations expressed great satisfaction with the progress made, and the i|reat future possibilities opened up for their co-operation., An important disclaimer was issued by tho heads of both Federations in which they emphasise' that the question of international cartels and combines was not discussed hy the conference, nor is there reason for the suggestion of any combined action hy' British and German industry against any other country's industry. . It has been mentioned that the representa-. * tives of both organisations declare that they would regard such aetion not merely as improper, bat also as extremely foolish.