TRADING PROBLEMS

Poverty Bay Herald, Volume LX, Issue 18163, 10 August 1933, Page 7

TRADING PROBLEMS

JAPANESE COMPETITION

CONFERENCES ARRANGED

SEARCH FOR AGREEMENT

(British Official Wireless.) Rec. noon. RUGBY J Aug. 9. It is, anticipated that negotiations between representatives of the Indian and Japanese 'Governments for a ne,w trade (agreement will open at Simla about September 21. Mr Sansom, .the British commercial counsellor at Tokio, will attend in an advisory capacity. Simultaneously, tripartite discussions between representatives of the industries concerned of Lancashire, India, and Japan will tgke place at Simla. , These discussions will relate to the Indian, market in respect <to all classes ,of textiles', and to .British colonial markets in which India is interested. It is probable that before the Simla conversations open, Japanese industrial delegates will visit London for preliminary conversations with representatives of the British cotton textile': and rayon 'industries,'-,and the proposal for the Simla tripartite discussions is made on the understanding that .the discussions in India will be followed immediately by 1 a discussion in this, couritry in regard jto other textile m'arkets between industrial representatives of Britain and Japan. The Japanese Ambassador, accompanied by the commercial counsellor, Mr Matsuyama, called at the Board of Trade to-day and handed in the Japanese Governmeiit’s reply to Mr Waiter Runciman’s letter of July 20. Certain points raised "are notv’ -being examined, after which it is proposed that a further letter should -be addressed to the Japanese Ambassador. These points deal mainly with procedure. Arrangements for holding discussions in 'lndia, and -subsequent discussions .in London, are being proceeded with.

MENACE TO INDIA

IMPORTS FROM JAPAN

LONDON, August 1.

India is now fully aware of the reality of Japan’s menace, says the Indian correspondent of the Manchester Guardian. ■

Japan’s resourcefulness is almost incredible, says the writer. She is beginning to compete with Mysore in the European market in sandalwood oil, although Mysore possesses large forests and the Japanese must import sandalwood. ' ‘

Japanese apples are penetrating the Himalayas in the neighborhood of India’s own apple-growing Valleys. Japan’s artificial silk exports have risen in two years from 3-4 to 85 million yards, and aro threatening to ruin the Indian silk industry. Japanese pencils are ousting the Indian article. Manufacturers generally feel that there is no stopping the Japanese. The Japanese Embassy in London is circulating a pamphlet asserting Japan’s right to live. It declares that the real position is merely that Japan possesses a vital, efficient industrial organisation, and is pursuing natural, healthy development