TRADE AGREEMENT
BRITAIN AND IRELAND SECRET NKGOTI ATlt >NX (Klee. Tel. Copyright—United Press Assn.) LONDON, Jan. 5.
The Daily Telegraph's political correspondent says that secret negotiations between Britain anil the Irish Free State resulted in an important trade agreement, the Free State undertaking to purchase the whole of her coal from Britain, which, in return, agrees to additional imports of Irish cattle. British coal thus gains an extra. £1.000,(XX) worth of sales a vear.
Messrs. J. IT. Thomas, Walter Runcinum, Walter Elliot and J. W. Duianty negotiated the agreement. The scheme roughly means that for every pound the Free State spends on coal over and above the present imports, Britain will spend an equivalent amount on cattle, the Free State refraining from renewing the present contracts with German and Polish coal exporters. It is expected that. Britain will take 150,000 head of cattle in excess of the present quota allocation, and these cattle will not he liable to the, special duty imposed in respect, of land annuities.
The Financial News says that the agreement will not be officially announced until the current negotiations with the Dominions in reference to the restriction on beef exports have been completed.
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Bibliographic details
Poverty Bay Herald, Volume LXII, Issue 18595, 4 January 1935, Page 7
Word Count
197TRADE AGREEMENT Poverty Bay Herald, Volume LXII, Issue 18595, 4 January 1935, Page 7
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