ITALY'S FOREIGN TRADE

Press, Volume LXXI, Issue 21412, 2 March 1935, Page 13

ITALY'S FOREIGN TRADE

Policy Defended PROTECTING NATIONAL INTERESTS I.UNIIED I'RESs ASSOCIATION- BIT ELECTRIC TELEGRAI'U—COrVKK.UT.I (Received March 1, 11.30 p.m.) ROME, March 1. "Italy did not protest against England gaining an advantage by the Ottawa agreements and by tariffs violating the classical principles of international commercial relations, which grievously harmed all countries. Also, Italy did not protest at the devaluation of the pound, which greatly damaged Italian gold reserves and trade," says an inspired article in "Giornale D'ltalia."

Declaring that the statements made in the British House of Commons were unjustified, inopportune, and paradoxical, the article says that Italian policy is not directed particularly against Britain, but has been adopted purely to protect Italy's national interests. Moreover, the balance of trade favouring Britain shows Italy in the right in redressing the accounts.