London, Apr. 14.
Important findings and recommendations regarding British trade China are contained in the report of the British Economic Elon "which recently spent Smonths studying the Far Eastern eld and has returned to England.
The Mission reports that it avrite fo embark, on say_np-coun:
ry trading operations in China an recommends the holding of stocks in bulk Tines at the various treaty The Mission states: "It imperative that Lancashire "ome into closer touch with the China market and recommend the immediate establiahpent of a central <rganization for this, purpose."
'The Mission considers that there hope for an increase in the Langashive trade unless the goods are marketed at competitive prices. Indeed, there is ound. to be ' lose jing. of' ground unless this condition jsvattained. The position of Lan-tashiro, the Mission states, is ver Ditieul€ because there is no sign 4n improvement inthe wage Fate 3m, Japanese cotton. mills, 'The Economic afistion, which was deaded by Sir Ernest' Thompson, made an exhaustive tour of indus: pial and trading centres in the Far East," Conferences with Chambers of Gommeree, commercial institu-ions and merchants and' a careful survey of the fied with the main object of studying distribution and nagketing. furnished. the Mission witha large amount of data on which the report is based Apr. 35.
<ésed market for: foreign. competi Although Japan represents a
4icm in piece goods China maya be regarded as a profitable: market for the textile. Industelaiste of Lancashire, Sir Ernest Thompson principal source of imported pieceirocds and there's nothing to show that the competition between Japan-jose and Chinese mills will not become still more crushing.
The proposals for establishing 4 large merchanting organization, ithe "Manchester Guardian" con tinues, have been advocated in Manchester for several yes Inevertheless, the greatest value of the report will be to drive home plain but uncomfortable truths, fa reluctant industry may at length Ibe driven into action—Reuter.
Tokyo, Apr. 17.
'Commenting on recent statements made in London by Sir Ernest Thompson, the 'Chairman of the British Economic Mission to the Far East, spokesmen for the Japan Cotton Dealers' and Manufacturers' Association to-day expressed deul that the Lancashire textile dustrialists can regain their market jin China, The Japanese manufacturers of [cotton goads contended that even the Japanese, with low production costs, fare finding it difficult to ce the China market, They insisted that not only is China meeting a large part of her own demand but she is exporting cotton goods. was predicted hero that textile industry in China continues to expand the Chinese Government will "increase import tariff /schedules on cotton goods, thus elosing the market entirely to the [Japanese as well as to the British manufacturers, Declaring that "there is little hope for the Lancashire manufacturers expand their market in China" the Japanese suggested that instead of shipping piece goods to China the Lancashire industrialists might find market for ready-made Cloth ther Mnished cation products the course of his interview, Sir Ernest Thompson warned that. if she's to recover from the prevail ing. peviow of depression Lancashire imivst adopt modern. methods trade, "She must also "reduce her Production costs, the Chairman the British Eeobomie Mission tai.
'Sir Ernest Thompson said. that unlets Lancashire reduces Jier_ pro: Uuetion costs and unless she adopts modern methods of trade. she will fail to compete' with her' principal In Japan, Sir Ernest 'Thompson said, labour is cheaper than 'Lancashire' and spinning costs are fower. He said: that weavers
teen foo in' Japan operate from four ta wixe "Omens radical changes are made there's: no hope of Lancashive me creasing, her. trade in the. Eastern ioarkets."" Sir. Ernest. 'Thompson Fail, "A. grave responsibility vests nail in the British industry, which 4s' faced with the greatest crisis in ity history."
Sir Ernest Thompson placed stress on the fact that Japan ¢losed market to foreign competition ju "piece goods because of Japan's ability to supply the demand of the ople of her own country.
Japan has for export. and she tariff which prohibits importation of piece goods.—United Press, London, Apr. 15.
Discussing the recently published cotton report with Reuter, Sir Ern est Thompson stressed that the, British Mission to the Far East, representing all sections of the cotton trade, had brought home a unanimous report.
Ail members of the Mission, he: said, came to the conclusion thi reduction in the cost of produ and_an improvement in mark methods were necessary. Both remedies were inter-dependent.
Sir Ernest. Thompson emphasized that the position was such that the Misston had been forced to act without delay. He hoped that li organization of Lancashire's prouetive capacity.
In answer to questions, Sir Ernet Thompson said the Mission had not found that American cotton was! hitting British interests in China. The fall of silver had not affected British trade as far as Japanese Competition was concerned as Japan was now on a gold basis, but—the Froximity of Japan to China had affected. Britain when business was] sing done ona Yalling make, "The conclusions of the Cotton Mission yead-ancommorly like the findings of a coroner and..jury," says-the "Manchester Guardian," in the course of an editorial to-day.
Japan, the paper declares,—has! definitely replaced Lancashire as the
Text read from the printed page and cleaned; old type leaves the occasional error.