NEW TARIFF

Waikato Times, Volume 119, Issue 19895, 26 May 1936, Page 9

NEW TARIFF

CHANGES IN AUSTRALIA. __.—_— NO PROTEST FROM JAPAN. l PREFERENCE FOR BRITISH GOODS. United Press Assn.——Elec. Tel. Copyright. CANBERRA, May ‘25. The Minister in Charge of Trade Treaties, Sir Henry Gullett, stated today that so far he had received no official protest from Japan in regard to the new Federal tariff. lie was con—fident that when the position was fully examined Japan would see that her trade would not be adversely affected to any extent. The Prime Minister, Mr J. A. Lyons, pointed out that the new tariff had a two-fold purpose. One purpose was to provide preference for British goods. thus creating markets for Australia‘s primary pro—ducts, and the other to stimulate Australia’s secondary industries. The ultimate aim was a resumption of immigration from Britain on a mod—erate scale. i . SATISFACTION IN ENGLAND. EFFECT 1N LANCASHIRE. i . l PURCHASE OF TEXTILES, i (Oinclal Wireless.) " RUGBY, May 25. Great satisfaction is expressed in Lancashirc with the Australian Government‘s announcement. 01' the intro—duction of new duties and an import licensing system framed to divert a large portion of Australia's buying from countries which at present draw little from Australia to those which buy a great dealvespecially the United Kingdom, which is her best customer. The revision of the cotton duties is expected to increase the imports from Luncashire ol‘ textiles now brought from Japan by something like £1,000,000 more annually. The president of the Manchester Chamber of Commerce says the changes represent a real effort. by the Australian Government to secure distinction in the textile trade as 'be—tween Britain and Japan. in the period 1933—30 British cotton exports to Australia fell from 137,000,000 yards to 104,000;000, while Japanese exports rose from 28,000,000 yards to 50,000,000. British exports of rayon goods to Australia remained steady at about 10,000,000 yards, while Japanese exports increased from 13,000,000 yards to 60,000,000. ~ Anxiety In Australia. For some time the increasing balance in Australia's trade with the United States has been causing great anxiety in the Commonwealth on account ot’ the resulting embarrassment in the balancing of payments. Efforts have been made to secure the co—operation of the Washington Govern—ment, which has been urged to relieve the position by buying more from Aus—tralia or by formulating some triangu—lar arrangement which would make it easier for Australia to pay top the huge quantities of goods she has been accustomed to buy from tho United States. The failure or these efforts caused the. Commonwealth uoyernment to take steps to reduce the Volume of Ameri—can imports. Even under the new sys—tem there will remain a heavy unravourablo balance. A BAOKWARD STEP. HIGHER COST FOR CONSUMERS. REDUCTION IN WORLD TRADE. United Press Assn—Else. Tel. Copyright. (Received May 26, 11.50 am.) \VASI‘IINGTON, May 25. Ofilcials indicated to the Australian Associated Press that Australia‘s new import duties constitute a backward step towards the reduction of the volume of world trade and increased cost for consumers. It is generally assumed that the new duties and licenses will injure United States‘ sales for important products. but restraint in comment is indicated in the absence of a disposition to quarrel openly with Australia or retaliate at present. The direct omcinl comment was con—fined lo observations that Auslrnlia had acted within its rights, although the l’nilcrl Slates llclirvcs that the arlion is wrmm. ll :n'ltlrd that it has not l'rt rm‘eiyr‘il suilicicnl. details from Lianlvcrrn to estimate accurately the .l:i"n:ige upon the l‘niterl Slates, 11. is again Ftrrsscrl that America‘s wm-‘il ii'iltil‘ [il‘llFl‘illllllli‘ is clear. It i< anxious to seniors the world import. rhsirnvrlions. on the theory that nrich nation prliulurrs imst am] rhrnp—est. rerlnin iimir‘riuls for which it. is suited by geography or specialisation. By enlarging world trade generally in such items all nations can dispose profitably 01' their surplus materials without seriously damaging the purchuscr nations. and with lowered costs to consumers Multilateral treaties with trade channels relatively tree are a (lesitierntm'n. That this is rather hard to achieve, however, scrms to he indicated by the thrcc \‘Uililllf‘s on tariff changes in the world during the past year already compiled by the American Government, almost all constituting an in—crease in rates on certain types of goods. RECEPTION IN AMERICA. (TIIXSIIII-Illlili A “ Bl‘lxlliFlll‘Zilli.” l-ZXl’lili'l‘lXil l"lli.\l>‘ CtINGI‘IIINiCIJ. Hillel i'l'i‘~< .\=~n .vl-ilcr ‘l‘vi. Copyright lint-rural ,\|.l_\‘ L’l'r, ii n.ln." .\l‘:\\‘ \HItK, .\ln) 2.1. 'llin illlllulilli'l‘illl‘lti ul' ilrluils of thy,new l.irii‘i‘ I'isxulJllnns (In”( Tooting Amrrimn mulmi'zn'tnrrrs “as ".4 lmmlusllvll." in tho npiiiiun ni' ennui-L ill): l'ii'l'if‘.‘ |:i‘l‘|‘. \\'lin lmu- |lini'.i|l)' lwsii'ai'il iiii‘ .\iisii'hlmil influl‘llim‘ill

‘—‘l=9:~_< office in an effort. tu übmin Cinriflcaiion of the situatiuu. The Australian Associaiml Press learns that while enquiries from a with: variety of exporters haw been received lvwo particular groups seemed to he most. concerned, notably the women‘s dress and perfume mew chants and motor—car manufacturers. It is understood that, General Motors‘ Limited, have instituted enquirivs both here and at \\’nshinglon. The president of the export branch soul \\'lll'li to the cnrrt‘spumlrnt, llow< ever, the i-mnlmny is not yet X'L‘fldy to issuo a stulcnient, since it wishes to familiarise itself more thoroughly "with the situation. THE ATTITUDE OF JAPAN. PROTECTION OF TRADE. (llll‘N'l‘liltv_\liir\.~'l?lll‘2.< i'llHilAlilJ‘l. xmmi l'l'l'« lump-ling ’l‘t‘i, Copyrignr 'l‘HKiI), .\l;1)‘ L’l. iii-hum): In \nuli‘ulin‘a i.u'lt‘l' lllt‘dv aux-m, Ihu Vin-vigil Humim’. .\||' Aritu, fiiiill'li HI ilix' l.u\\<‘r Hullw‘ tn-ilu)‘ [hut ihv Imu-rnnu‘nl musk nim lukv, cunn—it‘l‘vilil'dfilll'ls in: lil'UiPi'i Julian's lrariu hum-ms nl'im‘ mumuliing ihu urgnnisaliHllh imuh'ml. “Il\\('\l'|'. hi: hulnmi .\u.»2rnli:u \wuld HWCdil)‘ rcrunsixlrr hur dcliuu. .