The Modern Complex.

An outstanding lesson of the Twentieth Century is the linking up not only of politics and economics, but of all countries in a single political-commercial net. Touch one string of that net and every other string is pulled. The above-quoted British Trade Mission to the Far East reports that British products in that region are dearer than German and Japanese and less attractive than American. Japan, it is added, will increasingly export cheap woollen manufactures. If so, Japan must become in greater degree a buyer of wool from wool-producing countries like Australia and New Zealand, and may become an angler after trade reciprocity treaties with them. On behalf of Britain, Mr. Snowden prefers a larger Indian consuming market to Customs-concessions with Australia. It is within the bounds of possibility that Japan, as a manufacturing country, will try to collar both. page 12 So Australia and New Zealand are in the net of world-commerce as much as any other country.