IRISH TRADING

Taranaki Daily News, 4 January 1935, Page 7

IRISH TRADING

ENGLISH AGREEMENT COAL FOR CATTLE PLANS £1,000,000 SALES INVOLVED PUBLICATION DEFERRED EFFECT UPON DOMINIONS

By Telegraph—Press Assn.—Copyright. ',ec. 11 p.m. London, Jan. 3. Secret negotiations between Great Britain and the Irish Free State have resulted in an important trade agreement, says the political correspondent of the Daily Telegraph. The Free State has undertaken to purchase the whole of her coal from Britain, which in return agrees to additional imports of Irish cattle. The British coal industry thus gains an extra £1,000,000 worth of sales a year.

Messrs. J. H. Thomas, Dominions Secretary, Walter Runciman, president of the Board of Trade, Mr. W. E. Elliot, Minister of Agriculture, and J. W. Dularty, Irish High Commissioner at Landon, negotiated the agreement. The scheme roughly means that for every £1 the Free State spends on coal, over and above the present imports Britain will spend an equivalent amount on cattle. The Free State will refrain from renewing ns 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 be liable to the special duty imposed in respect of the default in the land annuities. “The cattle and coal agreement between the Irish Free State and Great Britain will not be officially announced until the current negotiations with other Dominions in reference to the restriction of beef imports is completed,” says the Financial News.