A Foruign Office statement issued to-day features the life of the supplementary trade agreement which was signed in Rome by Count Ciano, the Ballan Foreign 'Miniter, and Dr. Yolao Sugimura, the' Japanese Ambassador to Ualy.
The agreement extends the existing Mahan-Japanese Commercial Treaty of 1918, with suitable modiseationa to the italian Colonies, for a period of, three years without the right of abrogation, after which it will be Yenewed annually.
Japan, it is understood, will trade fon the basis of strict reciprocity. to the extent of 16,000,000 lire a year and will buy Bast African galt,"and probably also raw cotton, in exchange for textile goods.
Of special significance, the state ment also points out, 19 the fact that Htaly agreea to recognise whatever Customs tari' preferences Japan may accord to Manchoukuo, exception to. the most Havoured nation clause—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.