TRADE AGREEMENTS

Waikato Times, Volume 119, Issue 19913, 16 June 1936, Page 8

TRADE AGREEMENTS

AUSTRALIA AND JAPAN. IRE-OPENING THE NEGOTIATIONS. HIOPES TO AVOID RETALIATION. United Press Assn—Else. Tell Copyright. CANBERRA, June 15. The Minister in charge of the trade treaties. Slr Henry Gullett, stated toclay that trade negotiations had been re—opened with Japan through Mr Mural, Consul-General at Sydney, and it is expected that imediate retaliation by Japan against the recently—imposed textile duties will ‘be avoided. The Minister pointed out that Japan “as awakening to the fact that the new Australian tariff was not nearly as harmful as had been anticipated, and there was a much better understanding as the result of two—way com—munications since the publication of the tariff schedule.

AUSTRALIAN WOOL SALES. JAPANESE REFRAIN FROM BUYINGREASON FOR THEIR ACTION. United Press Assn—Elm. Tel. Copyright. SYDNEY, June 15. It is pointed out that the present series of wool sales, at which Japanese buyers were present but refrained from bidding, is only a clearing—up series. The Japanese followed. the market as keenly as though they were buying. ‘They would have taken a large proportion of to—day's offerings, which suited their requirements, but, having already Ihought heavily this season, they are expected to refrain from buyingr for the present. More importance is attached to the Japanese attitude at the Brisbane sales next Week. when the new season's \\'ools will be offering. STOCKS IN JAPAN. I _— SUFFICIENT FOR REQUIREMENTS. Unlted Press Assn—Elem Tel. Copyright. . TOKIO, June 15. It is estimated that the mills’ pres—ent stocks of Merino wool aggregate 400,000 bales, sufficient to last until October 31, or if manufacturing is cur—taililed by 30 per cent», until December ' l.