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Workers Press no. 657, 8 January 1972 · scan page 6

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Farm AMERICAN Treasury said yesterday he had asked Mikio Mizuta, the Japanese Finance Minister, to make many trade concessions so that the United States could begin to tear down the huge balance-of-trade deficit with Japan.

Mizuta is in San Clemente, California, as part of the Japanese summit team meeting president Nixon and his top advisers.

Connally told a _press conference after the first day of talks that he and Mizuta had reached no conclusions or agreement during the meeting.

They had discussed 'dozens' of items on which the US wanted: concessions, he said.

The US would not agree to mutual concessions because the problem was to reduce the éstimated $3,000m trade deficit it would have with Japan this year. This is the largest single component of the US trade deficit.

The US demands show they are not satisfied with the 16.9per-cent revaluation of the yen agreed in Washington last month.

At the talks, the Japanese raised with the US the possi. bility of joint exploitation of Siberian oil resources.

The Soviet Union has offered to open the fields to foreign capital on a joint basis.

But it is unlikely that the Soviet terms will in the long run satisfy the crisis-ridden Japanese bourgeoisie, which is already spending record sums on military preparations, laying the foundations for new imperialist adventures in Asia.

Bayhorse

paper LEEDS Sunday January 16 Quarry Hill Flats Leeds 1 Stephen Johns SHEFFIELD Sunday 0 p.mary 16 YS Premise:

Nestern Works, Portobello Speaker:

Stephen Johns GLASGOW Monday January .30 pn Room 1 Partick Burgh Lesser Hal lerkland St Tub Speaker:

ONS NGS LUTON: Thursday January 13, 8pm. Recreation Centre, Old Bedford Rd. 'Support the miners'.

CORBY: Wednesday January 19, 8pm. Civic Centre. The 'Right-to-Work' campaign.

Fanuary DON 3p Tuesday Halors Hall, Depons Ad, Poplar. Support the Miners.

N LONDON: Thursday January 13, 8pm. Town Hall, Edmonton. Miners' pay struggle.

SE LONDON: Thursday January 13, 8pm. Deptford Engineers' Club (opposite New Cross Station). Support the miners.

SW LONDON: Tuesday January 18, 8pm. Small Hall, Clapham Manor Baths, Clapham • Manor St, SW4. 'Right-to-Work' campaign. CROYDON: Thursday Coombe Rd, Croydon. Support the miners.