Tokyo, Oct. 5.
Regarding the Japanese spinners' oyeatt on Indian raw cotton, which tthe Indian delegation brought up before the Simla, conference recently, id tosday that, the Japanese Gov-spokesman of the Foreign OMiee
finment had no hand in the boycott, He asserted. that. it was started by the Cotton Spinners" Federation indignation over the prohibitive tariff of, 70. per cent. ad. valorem imposed on Japanese cotton cloth by the Indian Government, The spokes-the Federation I off the boyeote enough sincerity in bringing the Simla conference to a successful conclusion.
Turning to the depreciation of the yer, the spokesman admitted that Japanese export trade, pret benefited ointed currency Paying for ita high price proper tionate with the depreciation of the yen. Therefore, he. said, the desrcintion. of the' yen was of benefit audio rather than Japan, The spokesman. went on to. say that Japan was pursuing the policy of ive and take. He expressed the hope that. India would not attach importance to sundry "goods. Tapanese origin amounting to ¥.20,- (000,000 annually, since Indo-Sapan-trade for the'past had invariably eved. favourable for India. which received more than three billion in favourable balance for the Ferlod "ater.
Text read from the printed page and cleaned; old type leaves the occasional error.