"Financial Times" Points to Inherent Dangers Oct. 1. boycott on Japanese goods would be of little use unless it was supported by the greater part óf the British Empire and the United States," the "Financial Times" stated to-day, in a comment on the possi-"bility of an international boycott on Yapanebe goods. The journal pointed out that in 1995, Great Britain and ihe United States supplied 65 per cent. of all Japan's imports.
"A worsening of Japan's trade balance might bring financial chaos," the "Financial Times" added. "Great Britain and the United States also receive over 50 per cent. of Japan's exports. Japan might be spurred to extreme actions, but Anglo-American ce-operation could not fail to limit ihe extent of any reprisal and the Chinese Market, which in the event Of Japan's success would be lost completely to the western world, is of far more value than Japan."
"In responsible circles," the "Daily Telegraph" stated, "there is disapproval of the agitation for securing Government action in favour of an international boycott. Such a boycott would not stop Japan from pursuing her aggression in China."
It is understood that the Federation of British Industries is opposed {o a boycott of Japanese goods, although the majority of its members would be but slightly affected by Such a measure.
Officials of the F.B.I. expressed the opinion that a boycott campaign would be fully justified morally, but would be a danger to-world peace, "They added that damages to British interests in China were important but ihat they had been exaggerated in press reports.
The British Chambers, of Commerce remain reserved, although they do not contemplate the boycott of Japanese goods—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.