WARMLY RECEIVED

Taranaki Daily News, 5 January 1935, Page 5

WARMLY RECEIVED

AGREEMENT AIDS BOTH “BUSINESS TRANSACTION” MR. DE VALERA’S VIEWS FURTHER OPPORTUNITIES

By Telegraph—Press Assn.—Copyright. Bee. 7 p.m. London, Jan. 3. Mr. de Valera when interviewed expressed the opinion that the agreement was a business transaction based on mutual interests for whith the Free State was always willing. Similar opportunities would doubtless present themselves and would probably be treated in the same spirit. The Daily Telegraph, referring to the coal industry, points out that apart from the employment of 5000 additional miners the agreement will increase employment jn the railways, docks, shipping and transport industries. The agreement will be a serious blow to Poland, which secured the sale of half a million tons of coal yearly to the Free State. Her exporters will be surprised at this sudden loss of trade. On the contrray, the Irish railways welcome the new agreement as the locomotives suffered under the change to Continental coal. The Daily Telegraph’s Dublin correspondent says the agreement is warmly welcomed, particularly by farmers, who were badly hit by the Anglo-Irish economic war. New? of the agreement was received with the greatest satisfaction in Free State Industrial and business circles, where the hope is expressed that it will be the prelude to a more comprehensive agreement covering all matters outstanding between the two countries. The Irish Times praises Mr. De Valera for recognising at last that the Free State’s economic interests are bound up with Britain’s and adds that there can now be no excuse for prolongation o£, the economic war.

“TARDY ADMISSION.” The Irish Independent says the agreement is a tardy admission by Mr. De Valera that the market he thanked God had gone forever still exists and is of value to the Free State. Welcoming the agreement the London Times alludes to the Australian decision to restrict meat exports and says the Cabinet’s condition respecting negotiations covering the whole ground of trade relations between Empire countries should present no difficulty. “Regulation in some form or other seems now assured,” the paper adds. “Though increased supplies from the Free State will not be balanced by decreased supplies from other countries already covered by the agreements, or from other parts of the Empire, means may well be found to provide that the total supplies coming to the British market are not increased. Moreover, it is a legitimate deduction that the subsidy may be continued beyond the period for which it is already granted.” , , The Daily Telegraph’s political correspondent says the trade agreement does hot affect the financial differences between the two countries. Political circles regard the limited business agreement as encouraging,” he writes. I understand additional cattle coming from Ireland will not be exempted from the special duties. Similarly no provision is made to remit the Free State duty of 5s a ton on British coal. Discussion between the Governments regarding these duties may take place in the near future.”