TEXTILE TRADE

Hokitika Guardian, 17 November 1933, Page 5

TEXTILE TRADE

REPORT ISSUED BY INDIAN DELEGATION. (Per British Official Wireless. 1 . - '...i r RUGBY, Novmeber' 15. A report has been issued by the British cotton, and artificial silks industries delegation to India. It describes commercial discussions between Lancashire’s delegates and Indian 'and' Japanese industrialises ~ and the Government ■■of"' India. The report describes an .agreement 'made with Bombay mill owners as marking a, “very . i far-reaching, • significant change’’ in attitude towards Lancashire; It says that what is ( the most immediately desirable measure is an increase in the Lancashire takings of Indian cotton. 1 Regarding the discussions with the Japanese industrialists, the «-eporv says that, the British delegation made it clear ‘‘that a solution of problems of Japanese competition 'by measures of common consent” indicates such nieasures must, of necessity, apply the principle of 1 a quantitative limitation to their exports ; at any rate whilst the existing conditions- r still obtained, and .until expanding world consumption might relieve the position 'for bo.h countries. - The delegation also' “maintained that ■ i-thoro -was the strongest necessity of measures to prevent Japantee low prices ' dislocating world maikets.” They urged the need of firm Government "support thereon. “JAPANESE MENACE A .CALAMITY”

LONDON, November 15. The Cotton Trade League, • consisting of London merchants and shippers, has .passed a resolution as follows ‘-‘That, in view of the impossibility of competing with Japanese wage standards, Japan’s - aggravated depreciated exchange, and her subsidies,’ the British Government should take a firm stand, to protect British- J Indian -Empire manufacturers on the principle adopted at Ottawa.” •A Member of the House of Commonsf Major Proctor (Conservative) j declared that /‘the 1 Japanese menace j • was no longer a menace—it had be-1 come a calamity to Britain and to • the. world”; 1 ’ \ ' ; , J ANGLO-INDIAN CONVERSATIONS. LONDON. November 16. The Lancashire textile delegates report states that iSir •M. B. Hore has given an assurance that a 6 soon as the | ‘-with Japan, have heeii; concluded, the Indian Government will) dismiss. with the British, a new trade | .agreement regarding cotton, and ray oil j goods, supplementary to tha Ottawa agreement.* ,