COTTON TRADE

Wairarapa Daily Times, 6 March 1934, Page 4

COTTON TRADE

BRITAIN AND JAP^I FIERCE WAR AWAITED. Press Association Electric Telegraph—CopyrisbA^J^L. LONDON, Monday. The "Daily Telegraph’s” Manchester correspondent says that the rejection of the British proposals in the Anglo-Japanese cotton talk means the breakdown of negotiations. Next Wednesday’s meeting is likely to be the last and Japan must assume the entire responsibility for the failure. She was informed in April that the agreement would have to cover world not be restricted to the United Kingdom and Crown Colonies, which would leave nine-tenths of the world still the subject of fierce competition. The leaders of the Lancashire cotton trade say, "Directly the conference is buried we shall turn to tariffs and quotas. ’ ’ The Government will take firm action to protect British* textiles when the new and fiercer apde vvar with Japan begins. -■< - A message from Tokio states that the foreign spokesman said that the country must be prepared for the breakdown of the Anglo-Japanese Conference in London, and that the Japanese Government will not intervene. ’ •