TRADE TREATY WITH AMERICA

Hawke's Bay Herald-Tribune, Issue 124, 11 June 1937, Page 8

TRADE TREATY WITH AMERICA

Opposition from Liberals in Canada . "STICK TO OTTAffA" NEW YORE:, June ». The Ottawa correspondent of thfj' New York Times says,western Liberal. ieaders are strongly opposed to M acKenzie Eing's sanction of a x«4 vision of the Ottawa agreements r»j quiring Dominion concessions in orderj to enable & trade agreement between! Britain and America. % The western primary producers arof not convinced of the wisdom of makingj saerifices to enable Mr King to carrjj out his poiicy of * promotion of world! -> peace through lessening trade barrierfc The indications are, however, thafj M.r King will strongly insist, and thlsj may result in a schism in the party^ Lt is indicated that the Canadian gold4 -mining interests will be Ma ally. They; fear that a reduction in the' UnitedB States price of gold might result Hilles* i'reer world trade is initiated by a eom* prehensive treaty between Britain andi America, assuring United States prosi perity. The New York Times' political cot-. respondent says President Roqsevelt. and Mr Cordell Hull are in danger of a distinct embarrassment now that opposition is developing among Ameri* eau manufacturing interests who ari. against cofacessions on English manut Cactured goods, whieh might be necee» sary under the treaty, American pre* duction eosts have recently riseti enormously, due to rises in wages and other Labour concessions. * Pressure has already been brought te> bear on the Senate against approvingj of iariff reductions. There is a strongi feeling that a trade treaty between Britain and America would be an im«t measurable world-stabilisation forcs and the assurance of peac% but the pressure of immediate economie neees-; . sit y may vitiate these aspirations. .