Word: embargoed
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...Canberra last week Australian canaries were beginning to feel the pinch of singing on Australian seed instead of the imported sort to which they have been used. The embargo on chutney, peanut butter, cigarets and wine means that "Major Grey's Chutney," "BeechNut Peanut Butter," "Abdullah Cigarets" and "Mumm's Cordon Rouge" are totally excluded from Australia. It is not a question of scaling a tariff wall. This is an absolute embargo: "Peanut butter shall not pass!" The exclusion is as rigid against products of Mother England as against those of the U. S. or China...
...this embargo all. Last week the Prime Minister, who is also Commonwealth Treasurer (he has been called "The Snowden of Canberra"), made his budget speech. He began by announcing that the Commonwealth Treasury has a deficit of £14,000,000 ($68,000,000). Then, leaning from the rostrum tense and resolute he said, displaying a sheaf of papers: "I have in my hand a new table of tariffs, the most sensational in the history of the Commonwealth...
Naturally the Scullin embargo is a Death blow, so far as Australia is concerned, to the British scheme of "Empire Free Trade" just endorsed by foremost London bankers (TIME, July 14). Under "Empire Free Trade" there would be no barriers to trade among nations of the British Commonwealth. That could go on as smoothly as does trade between the 48 U. S. states. But around the Empire would rise a tariff wall...
Here are some more bits culled form the same issue of the same newspaper which sponsored those in the first paragraph: Shali's gilded motor car shipped to Persia today. . . Finds honey in rafters. . . Queen Mary's collection of embroidery exhibited. . . Thinks he saw Great Pagoda from flagpole. . . Parrot embargo makes bedlam of quiet town. . Volunteer killed as tree falls. . . Horse takes motor parts; owner put on probation. . Yonkers bans all-night parking. . Flea bites please dogs for a time, says expert
More than the cotton strikes at Osaka and Kobe was at the back of last week's exchange closing. Within the past two years the value of shares listed on the Tokyo Stock Exchange has fallen 30%. The removal of the embargo on gold shipments out of Japan has seriously depleted the country's gold reserve. Decreased U. S. demand for raw silk has brought a slump to Japan's chief export industry. Last week's cotton strike, and a hint of further labor troubles, brought Japanese brokers to panic's edge. Deeply concerned was the cabinet of Prime Minister...