London, May 12.
"In the world of today, we are practically dependent on Japanese silk and Japan is getting more and more control over the silk trade of the world," Mr. Ernest W. Goodale, Chairman of the Executive Committee of the Rayon and Silk Association, stated in a speech at the banquet given this evening in Grosvenor House by the Silk Association.
"Holy only consumed her own production and imported none," he revealed. "China, at one time one of the chief suppliers, is suffering from the effects of the Sino-Japanese confliet and supplies are very uncertain.
"India is no longer an exporter to any great extent because its own export duty has made it more profitable to use its raw silk at home.
Text read from the printed page and cleaned; old type leaves the occasional error.