ECONOMIES THREATENED

Chronicle (Levin), 8 January 1947, Page 5

ECONOMIES THREATENED

Received Tuesday, 8.25 p.m. CANBERRA, Jau. 7. Australia's entire econom.v was endangered by the liudiiig of the I're paratory Trade Gonfereuce in London, said Mr. Rntliam NYithall, Direetor of Ihe Assoeiat ion of Chambers of Manu I'aet urers, toda.v. Aeeusing the United States of " h.vpuotisiiig tlie world with propagauda ' with Withall said thai Ihe ado])tion of tlie (indings would per jietuate th.e shaekles imposed 011 Aus traliiUs, ijndimtrud v.dexelo^meiiR £ Small couut iies= w otiki; be| throwfi ivide-bpen lo goods produced' by the largest, wealthi est and most Idghl.v i ndusl rialised ecpin t ries. Three itoms on wliieh agree.ment was reached particularly eoneerned Aust ra lian manufacturers; That members ot Ihe Iidernational Trade Organisation should grant each other most. favoured nation treatment in respeet of all Cus toms matters, that existing preferences witli important effecls on conntries' economies should be e.xpected from ihe most favoured nation clause pe.nd ing elimiuation by negotiation, and lliat the preparatory committee should exoeute binding tarilT agreements prior to the fidl-scakUconference to be iield later this year. The Federgl Cabinet next week will discuss the report of the Australian delegation to the Noveinber eonferenee in London and arrange for representation at a further eonferenee in Geneva next April.