IMPROVEMENT IN THE WOOLLEN TRADE.
Home papers are confident as to the effect of the Japanese tariff on the, trade in woollen goods. If the.resuit is as anticipated New Zealand's staple commodity should feel the benefit. During the past few months the tweed manufacturers in Scotland, Ireland, and some districts of Yorkshire have been experiencing, perhaps, the busiest time of their lives. This is mainly due to the, state of the market in rawwool. which commodity has been steadily advancing in price .for some little period. As a consequence!, worsted cloths greatly increased in value and became too dear for nierchants. Fashion then took a decided step in the direction of tweeds, and goods of this character have been much in evidence during / the pasrb year as wearing apparel for both men and women.. The mills in the various centres* of manufacture, have been hard put _to, it to Cope' with the continued deJibands on behalf of the-home mai> ket and also, for the Continent and the United* States. . Another reason for the extreme pressure is that merchants have been making strenuous efforts to complete orders and get goods to Japan before the termination of the British commercial treaty with tfhat country in June next. From that date the revised Japanese tariff cemeis into force, and under it the duties on various British textiles will be trebled, and in 'some oases even be five •or six tiipes"; the amount previously gna<%! cd. For instance, 'Worsted coatings now charged 3|d per yard wul have to pay Is 2d, and serges of worsted warp and woollen weft will have to pay nearly the same amount as against slightly over 2d at present. When it is considered that ; three-quarters of Japan's total im- I ports of textile fabrics come from this country it will be seen how hard British trade will - be hit by the new tariff. The Coronation also will do much to stimulate business, and manufacturers are; busily engaged in preparing for the increased! trade which •null undoubted-' ly 'follow in its wake.
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Wairarapa Age, Volume XXXII, Issue 10182, 7 March 1911, Page 4
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342IMPROVEMENT IN THE WOOLLEN TRADE. Wairarapa Age, Volume XXXII, Issue 10182, 7 March 1911, Page 4
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