BRITISH TRADE

Waikato Times, Volume 94, Issue 14722, 12 August 1921, Page 5

BRITISH TRADE

STEEL BARS REDUCED TO MEET FOREIGN COMPETITION. EFFECT OF HIGH-PRICED COAL. (Renter's Telegrams.) Received August 11, 8.10 p.m. LONDON, August 10. Tine South Wales Steel Association is reducing the price of steel liars by another £1 per ton, in order to cope with foreign competition. This is unusual in the light afforded by some of the Scottish railways, which are blocked with miles of coal-laden waggons and empty poods trucks, consumers refusing to pay the high prices demanded for coal, which they contend are treble what the trade can stand for domestic coal. Several ironmasters have refused to operate their blast furnaces, and this has caused a famine in pig iron. Many miners are again out of work. FRENCH PROTEST. BRITISH ANTI-DUMPING BILL. (Australian and N.Z. Cable Assn.) Received August 11, 5.5 p.m. LONDON, August 10. In the House of Commons to-day, Mr C. Harmsworth, Secretary for Foreign Affairs, admitted that the French Government had represented that the British Anti-Dumping Bill was likely to prejudice French exports, to which Britain had replied pointing out that France recently introduced an increased tariff aimed at safeguarding French industries from countries having a depreciated exchange. Colonel Wedgewood said that if an Anglo-French tariff war is threatened let us publish all the correspondence. Mr Harmsworth stated that there was no prospect of a tariff war.