DUMPING.

Taranaki Daily News, 10 January 1921, Page 5

DUMPING.

CHEAP GERMAN GOODS. FLOOD ENGLISH MARKETS. CRIPPLE MANY INDUSTRIES. By Telegraph.—Press Assn.—Copyright. Received Jan. 8, 5.5 p.m. London, Jan. 7. Germany is making desperate efforts to capture overseas markets, and is flooding England with a deluge of cheap goods of the most varied descriptions at half the British prices. The position of home industries has become most acute. A handicap is the difference in exchange, and it is smashing factories which were induced to make a special effort to capture trade during war-time, and which are now being undersold and so forced to close down. Criticism is glowing at the myopic (snort-sighted) policy of the Government in not Checking imports, which are now resulting in unemployment, which is swelling monthly as industry after industry ,is hit. Representatives of thirty to forty key industries have forwarded a mass of evidence to the Board of Trade which will shortly help to form aq Anti-Dumping Bill and is likely to be introduced in Parliament in February.—United Service. OPENING OVERSEA TRADE. NINE NEW SHIPPING LINES. CO-OPERATION WITH AMERICANS. Received Jan. 9, 5.5 p.m. , London, Jan. 7. Nine German steamship lines have resumed trade with America, Mexico, India, the Dutch Indies, and Scandinavia. Sir Alfred Booth, chairman of the Cunard Co., declares that this has rome about partly by the blending of chartered foreign steamers with rhe‘baneful left to Germany,’and partly by an alliance befweqn Germans with experience and no ships and Americans with ships and no experience.-—Aus.-N.Z. Cable Assn.