BRITISH TRADE

Timaru Herald, Volume CXXXVIII, Issue 19941, 27 October 1934, Page 15

BRITISH TRADE

NEGOTIATIONS IN FAB EAST British Ofticir' Wireless (Received October 26, 5.5 p.m.) RUGBY, October 25. Rumours that a revival of the Anglo-Japanese alliance is under contemplation are officially denied. These apparently arose from the reports of trade discussions at Tokyo between representatives of the Federation of British Industries and a corresponding Japanese organisation. The Federation of British Industries is a purely commercial and entirely unofficial organisation, and, as has already been made emphatically clear by the delegates themselves, the deputation now visiting the Far East has no official status or authority. NEGOTIATIONS WITH GERMANY SIDELIGHTS ON EXCHANGE QUESTION British Official Wireless (Received October 26, 5.5 p.m.) RUGBY, October 25. In regard to the Anglo-German exchange agreement, the Board of Trade announces that the unsold balance in the special account of the Bank of England at the Reichsbank, amounted on the evening of October 24, to 5,450,000 reichsmark’s approximately. The amount notified to the Reichsbank and awaiting transfer to the special account at mid-day on October 24, amounted to 13,750,000 reichsmarks approximately. The sales of sondermarks between October 22 and October 24, inclusive amounted to 1,201,000 reichsmarks.