TRADE WITH JAPAN

Poverty Bay Herald, Volume LXIII, Issue 18992, 17 April 1936, Page 3

TRADE WITH JAPAN

POSSIBLE INCREASE EXPORTS TO DOMINION NEW SHIPPING SKKVIt'K Although many Auckland importer* iukl retailers consider thai the estahlishment of another direct slupp service between New Zealand ami Japan will not result in an immediate increase in Hie imports of Japanese goods, it is regarded in some quarters as the first step 'by Japan toward a more intensive development of trade with the Dominion, states the Herald. .

A difference of opinion exists among prominent business men in regard to the situation that may lie created by an increase in Japan's exports to 'the Dominion in the near future. Some think that it will be met by a corresponding increase in New Zealand's exports, and others consider that the Government should take stesp to restrict any increase in Japanese imports at the expense of British and New Zealand manufacturers. The establishment of a second snipping service was .commended by a leading importer, who stated that he was definitely of the opinion that il ivould result in an increase in Now Zealand's exports. It was obvious Ihat there was a growing demand in Japan for the Dominion's products, and also that the ships of the Osaka shorsen Knishn Line would not return without cargo.

OTHEE MARKETS NEEDED "New Zealand is laced with the problem of quantitative restrictions on her products by Ureal Britain, and has" to find other markets," said the importer. "If she is going to sell to Japan, she must be prepared to buy." Regarding the .question of restricting the importation of Japanese goods, the importer said Ihat trade would settle itself if left without too aianv hindrance.-. The only action New Zealand could take would be to [dace an embargo on Japanese goods, and as long as the British Government did nothing in this direction, New Zealand could not do any thing I'hc question was 100 big for the Dominion to face alone. "It is doubtful if there will be any Increase in Japanese exports as a result of this new service," stated the manager of one of Auckland's largest department stores. "There is certainly going to be a saving in time, but that is not going to make us dace additional orders. The danger ■ f dumping should not arise, for the Government will probably keep Japanese imports down to an amount equal to her purchases from the nonunion. ''

JAPAN'S INTENTIONS Tiie forecast by Japanese newspapers that Australia is about to impose heavy duties on imports of Japanese rayons, and that Japanese exporters' associations are considering the suspension of trade wit!; Australia as a [trotest, was mentioned by a leading retailer as an indication that Japan might be paying even greater attention to New Zealand markets in the near future. The retailer added that the new shipping service would not make much inference in the quantity of goods imported at present, but would merely regulate shipments and put them on an even basis. The question of increased imports, however, was one to which the Government should pay serious attention. British goods were undoubtedly being pushed off the market, and the position would liecome more acute in future.

An importer of crockery and hardware expressed the opinion lltjtl the improvement in shipping facilities would undoubtedly aiTecl trade. Japan was bound to get re business, as the prices quoted were yen much better than those asked Cor many varieties of English goods,