FREER TRADE
BRITISH ADVOCACY. [United Press Association—By Electric Telegraph.—Copyright.) GENEVA, September 13. Mr Graham (President of the British Board of Trade), addressing the League of Nations Assembly, announced that Britain would ratify the Tariff Truce Convention. ' He urged that all of the signatories should ratify the convention in order that preparations for the forthcoming conference to negotiate a reduction of duties and to promote freer trade generally, might proceed without delay, Mr Graham declared that unless sufficient of the nations ratified it by April 1, 1931, Britain would hold herself free to act in any way she desired.
It seemed, said Mr Graham, there was little hope of a general tariff reduction at present, but it might be advantageous to concentrate on certain commodities, such as textiles and machinery, in order to see how far they could get progressive tariff reductions. Increased tariffs might temporarily stimulate industries, he said, but the cumulative effect of such a course mu9t seriously delay Europe's restoration. The permanent solution of the economic difficulties lay in the abolition of tariff barriers.
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Hokitika Guardian, 16 September 1930, Page 7
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176FREER TRADE Hokitika Guardian, 16 September 1930, Page 7
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