TRADE BY BARTER
AUSTRALIA REJECTS OFFER FROM GERMANY United Press Association—By Electric Telegraph—Copyright (Received February 5, 9.10 p.m.) CANBERRA, February 5. Explaining further why Australia is unable to entertain the German proposals to barter motor cars for wool, Sir Henry Gullett (Minister in Charge of Trade Treaties) said that the German proposals included a request for the British preferential rate of duty and also an adjustment of the exchange rate as between the Australian currency and gold. To agree to the first request would mean that similar terms would have to be given to goods of all other wool-buying countries, while the adjustment of the exchange would mean the recasting of Australian tariff and would destroy the British preferential system. The proposals would also violate the most-favoured-nation treatment with many foreign countries. Sir Henry Gullett added that the Commonwealth Government was conscious of the value of the German market and every effort would be made to come to satisfactory arrangements.
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Bibliographic details
Timaru Herald, Volume CXLI, Issue 20335, 6 February 1936, Page 9
Word Count
160TRADE BY BARTER Timaru Herald, Volume CXLI, Issue 20335, 6 February 1936, Page 9
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