TRADE IN THE PACIFIC.

Taranaki Daily News, 7 April 1921, Page 5

TRADE IN THE PACIFIC.

AMERICA’S COMMERCIAL CAMPAIGN AUSTRALASIA INCLUDED. By Telegraph.—Press Assn.-Copyright, Received April 6, 5.5 p.m. Washington, April 5. It is reported that Mr. H. C. Hoover (Secretary of Commerce) is conferring with prominent business men on the subject of a Far Eastern trade offensive. It was understood one of the first features of trans-Pacifie organisation will be the establishment of a system of American warehouses for the sale of machinery in China, Japan, Australasia and India. An effort will also be made to supplant British firms in the cotton and cloth trade.—Aus. and N.Z. Cable Assn. It was recently reported that the United States is planning a commercial offensive in the Far East, with the object of building up her trans-Pacifie trade as a set-off against losses in Europe and South America. The projected programme includes the establishment of new steamship lines from both Pacific and Atlantic ports to The Far East, the campaigns to include heavy American investments in Australia and New Zealand, the Straits Settle, ments, China and Japan. The Commerce Department has announced that the Federal Telegraph Company, an American concern, will build the world’s largest wireless station at Shanghai. This is regarded as the most important step yet taken 4.0 advance American trade in the Far East. The American Government has also secured concessions to build stations in Pekin and Harbin.