THE TARIFF WALLS.
“The chief reason Germany to-day is near bankruptcy, and thus near revolution and war, is the world tariff wall. In the long run foreign debts can only be paid with exports with which Germany would pay the former Allies and with which former Allies would pay their debts to us. We are largely responsible for that world tariff wall. Our part of that wall is the highest and ours in turn has forced others to build higher. Until that tariff wall is scaled down by ns and others, international trade cannot flow froelv again, international health cannot he regained. Therefore we hope Congress will grant the proposed debt moratorium, but not only that. W r e hope Congress also will initiate the reduct on an world tariffs upon which 'peace and prosperity wait. Inter-Governmental debts and reparations cannot be dealt with alone. As a cause of this world crisis, they move along with tariff conflicts’and preparations for war.”— “The New York W 7 orld Telegram.”
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Hokitika Guardian, 28 August 1931, Page 8
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168THE TARIFF WALLS. Hokitika Guardian, 28 August 1931, Page 8
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