WORLD STRUGGLE FOR MARKETS.

Timaru Herald, Volume CXXIII, 19 March 1926, Page 9

WORLD STRUGGLE FOR MARKETS.

War In Economic Field. BRITISH AMBASSADOR'S FORECAST. By Cable—Press Association —Copyright, Reuter’s Telegrams. (Received March 18, 5.5 p.m.) NEW YORK, March 17. ■ Sir Esme Howard (British Ambassador in the United States), addressing the Chicago Association of Commerce, saudi “The next world war .till be a struggle for markets, which will bo waged as bitterly as any that lias sprung from traditional hatreds, national jealousies or territorial ambitions.

“It scents to me,” Sir Esme added, “that the subjects that now interest diplomacy have changed so enormously during the short forty years I’ve had anything to do with the business,- that tho outlook of the various Foreign Offices of the world has imperceptibly altered. Tlie great change that has' come over them has brought the conviction that economic causes dominate history.”

MEAT WAR RAGING. BRITISH V. AMERICAN ’ INTERESTS. MILLIONAIRES ON BOTH SIDES. By Cable —Pres.' Association —Copyright. Australian and N.Z. Cable Association. (Received March 18, 5.5 p.m.) LONDON,- March 18. The “-Daily Express” states that a commercial warfare is waging between British ' and American companies engaged in the South American meat trade. Tho breakdown of the former meat shipping arrangement which maintained .regular and unfluctuating supplies for Britain, led to a glut at Smithfield, but the consumer did not reap the full benefit of the collapse of the wholesale price. The Food Council is expected shortly to report that indications are that the retail prices should be lowered 2d per lb. Millionaires are engaged on both sides in tho meat war. It is estimated the companies have already lost £10,000,000 —their share of the falling values on both sides of the Atlantic.

EXTENDING BRITISH TRADE. FRUITFUL FIELD IN AUSTRALIA. By Cable —Press Association—Copyrl^nt. Australian and N.Z. Cable Association (.Received March 18, 5.5 p.m.) LONDON, March 17. The Conference promoted by the Association of British Chambers of Commerce, and attended by 250 representative British and Australian firms., unanimously urged the Australian Association of British Manufacturers in Melbourne, to co-operate with, its branches throughout the Commonwealth in the expansion of AngloAustralian trade towards which the conference pledged adequate financial support.

Sir Arthur Balfour pointed out that the British proportion of the Australian trade had fallen from 52 per cenr. m 1923, to 45 per cent, last year. Considerable changes wore taking place in Australia, which necessitated representatives of British manufacturers being oil tho spot to safeguard their interests. Ho suggested the Australian Association should erect a building in Sydney. Mr Clitic, Member of the House of Commons, said that five months’ tour of Australia had convinced him of the need of n British Manufacturers’ Association there.

Mr W. W. Anderson, of Sydney, expressed opinion that a considerable part of thirty millions worth of Australian trade now going to foreign nations coujd bo captured by Britain.