Japanese Export Of
Goods For Colonies
Higher Consumption Is Planned
Singapore, Apr, 15. Britain is planning to increase consumption of Japanese goods in order to assist Japan in maintaining the, present level of pur-· chases from the sterling area, the Straits Times re- ported to-day.
Discussions in Tokyo at the requent of the Japanese Govern,
incnt on payments between Japan
and the sterling area have ended irt an agreement on limited relaxation of sterling restrictions on Japanese imports, the Times
fald.
According to the paper, the Coloniat Ofce has informed the
Malayan and Singapore Govern- ments or
Shortly that
with
more generous treatment is now recommended for Japanese goods. The ultimate object is to assist J
Japan to mainluiri her own purchases from the sterling are
Juxui's at their present lovet, holdings
sterling of
have dropped considerably in the past eight months.
Goods To
Red China
THE CHINA MAIL, THURSDAY, APRIL 16, 1958.
BRITAIN LOSES ORDER
TO GERMAN FIRM
Viscount Stansgate, a Labour Peer, declared in the House of Lords that a £500,000 chemicals order for abroad went to a West German firm after the Board of Trade had forbidden the British chemical industry to execute the order.
Another Opposition Peer, Lord Ogmore, also questioned the Government about a £600,000 order for tinplate for China on which he suggested a decision was still awaited.
These observations followed questions on the em- bargs on the export of goods of strategic value to China.
Viscount Elibank asked the or which might be entering Government whether, having China from other sources, they regard to the Importance of would give consideration to the the Chinese market to British climmation of such items from trade and commerce, the eme
the list. bargo ist was under constant review, and whether, if In siances were brought to their inalice in which it was suggest The American procuremented that items which were not programme stemming from the "of substantial military Korean War has given Japan a
strategical importance". were Jarger dollar than sterling included in the embargo
list, holding, the paper sald. It added that Japan recently has been running an adverse balance in her international trade of nearly $33,000,000 per month, chiefly
to the wing
failure of textile industry to recapture its
old importance.
Since 1951,
the
textile exporta
have shown a 30 per cent drop
In volume and an even bigger full in value.
Mranwhile,
the
Times
reported, the vigorous depancre shipping programine'is attracting attention.
Imported
be all
Declining Exports
Of Cotton
ог
Shell Contract For Japan
Tokyo. Apr, 15. Tho Japan Machinery Export Company said today it had signed
Thailand iract with the Defence Ministry to export about US5450,000 worth of tank gun shells,
The company is to pro- vide 50.000 rounds of shells of various eallbres for tank guns Jeft In Thailand by. Japanese forces after the war.
The shells will be made by the Japan. Steel Works. -Beuter.
Britain's Cotton Industry
M
GROSS PROFITS MESSAGERIES.
IN U.K. DOWN SEVEN PER CENT
Price Influence On The
Values Of Stocks
London, Apr. 15.
Outwards