U.S.A. DEMAND
FROM INDUSTRIAL LEADERS. jUnited Press Association—By Electric Telegraph—Copyright) NEW YORK, May 27. Tariff harriers must conic down if the win 1.1 is to emerge from its present industrial depiession, ' so prominent American industri | leaders declared yesterday at tiie opening of the Convention of tiie National Foreign Trade Council. The demand was made that, as a step in the direction of an international recovery, the United States should lead the way, at a special session of (ongross, to effect 11 twentyfive per cent, horizontal tariff cut on all ad valorem rates, and a fifty per cent, reduction in all specific rates of Chltv.
It was alleged that the Ui I ted States had been guilty of initiating the “greatest world-wide tariff war in his. tor.y.”
Among most prominent figures in the industrial and financial world who at tasked “balrriors, against foreign trade” were Mr Thomas Lament, of J. P, Morgan and Company, and Mr James Farrell, the President of the United States Steel Corporation.
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Hokitika Guardian, 29 May 1931, Page 5
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165U.S.A. DEMAND Hokitika Guardian, 29 May 1931, Page 5
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