1953-04-16 — Page 9

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