EMPIRE TRADE

Wairarapa Age, 4 May 1934, Page 5

EMPIRE TRADE

BRITAIN’S NEED OF FOREIGN MARKETS. LIMIT PLACED ON DEALINGS WITH DOMINIONS. POLICY OF CO-OPERATION ADVOCATED. (Received Thursday, 7.10 p.m.) LONDON, May 3. The “Daily Telegraph’s” political correspondent, discussing the New Zealand free trade inquiry, says the Government will assure the Dominions that the refusal to sacrifice the foreigner is due solely to the need for retaining Britain’s export markets and should in no way be regarded as an act of unfriendliness towards the Dominions. The editorial urges the Government to continue to seek agreement with the Dominions on quantitative lines, affording the producers a higher price for smaller supplies. NEW ZEALAND INQUIRY. MR. RAMSAY MACDONALD QUESTIONED. (Received Thursday, 7.10 p.m.) LONDON, May 2. In the House of Commons, replying to a question by Mr. G. Mander (Nat. L.), whether he would consider the advisableness of a general consultation with the Dominions on the issues raised by New Zealand’s inquiry as to the possibility of an agreement to establish mutually free market, Mr. Ramsay MacDonald (Prime Minister) said the Government had received no indication from any of th® Dominions that such an arrangement was desired or would be acceptable to them. Therefore he saw no reason to think that such a consultation would be of any advantage.

QUOTAS FOR JAPAN. ON EXPORTS TO CROWN COLONIES. (Received Thursday, 7.10 p.m.) LONDON, May 3. The “Morning Post” says that as a result of negotiations between the Government and 'Crown Colony administrators and Lancashire industrialist®, an agreement has been reached to restrain Japanese competition in textiles by means of quotas. It is believed that Mr. R-unciman to-day will inform Mr. Matsudaira that- he will be compelled to put quofas into operation failing an agreement. COMING DEBATE. LIBERALS & NEW ZEALAND INQUIRY. v LONDON, May 2. Sir Herbert Samuel (L.) will raise the question of New Zealand’s inquiry for mutually free markets in the debate on the Dominions Vote in the House of Commons on May 7. EXPORTS TO DENMARK. BIG INCREASE SHOWN. LONDON, May 2. How British trade with Denmark has increased since the signing of the trade agreement is shown in the report of the Overseas Trade Department. Danish imports from the United Kingdom advanced from 255,000,000 kroner in 1932 to 355,000,000 kroner in 1933. The United Kingdom’s share of Denmark’s total import trade was 28.1 per cent., compared with 22.3 per cent, in 1932 and 14.9 per cent, in the previous year. The United Kingdom in 1933 took practically all Denmark’s shipments of bacon, 84 per cent, of her butter, and 70 per eent. of her eggs.