BENEFITS FROM OTTAWA

Timaru Herald, Volume CXXXVII, Issue 19329, 2 November 1932, Page 9

BENEFITS FROM OTTAWA

EFFECT ON WOOLLEN TRADE. United Press Association— By Electric Telegraph—Copyrlgb t LONDON, October 30. The “Daily Telegraph’s” special West Riding correspondent says that employers and employees declare as unjustified scepticism, the value of Ottawa to the worsted and woollen trades expressed by Mr H. Hoidsworth (National Liberal) on October 26. Last year’s duties had considerably benefited trade in Bradford and Huddersfield, despite the dumpings of foreign cloth just before duties were imposed. The new duties enabled Yorkshire manufacturers to meet foreign rivals on comiKtitive terms and much dumped cloths were already re-exported. The home trade had improved, exports were reviving but the latter was now only checked by currency restrictions in Eastern Europe and South America. (A message in the British Parliamentary news on October 27 was to the effect that Mr H. Hoidsworth had said no body in the woollen industry expected increased trade from the Ottawa Agreements. Canada had given Bradford a 5 foot wall to jump, instead of a wall as high as a house. They could jump neither.)