U.S.A. TIRADE

Hokitika Guardian, 7 April 1933, Page 5

U.S.A. TIRADE

EXPORTS REPORT

AMERICA’S ,1932 FIGURES

(United Press Association—By Electrio Telegraph—Copyright.)

WASHINGTON, April 6

It is announced that United States exports decreased in dollars from 2,424 millions in 1931 to 1,612 millions in 1932. Imports fell from 2,091 millions to 1,323 millions, or 37 per cent by value and 20 by volume. The United Kingdom was the principal purchaser of United States goods. Canada was the principal exporter to America.

In a partial report to the Senate on the Administration’s Farm Relief Bill, the Senate Agricultural Committee recommended the inflation of currency, to check the policy of deflation.

The Tariff Commission announces that President Roosevelt has issued bis first proclamation under the authority of the flexible tariff law, calling for a decrease in the duties on certain agricultural hand tools.

USB OF GOLD PERMITTED,

TREASURY ISSUES LICENSE,

WASHINGTON, April 5

President Roosevelt lifts formally authorised the Secretary of the Treasury to issue a license permitting the use of gold in necessary domestic and foreign trade transactions. For violation of the terms of the order, the President has decreed the maximum fine of 10,000 dollars or imprisonment for ten years, or both. The President will continue the firm executive hold on the gold supply in the United States, to prevent foreign raids or domestic hoarding, but otherwise the embargo will be lifted.

President, Roosevelt, to-day, ordered the return of all gold over 100 dollars held by individuals to the Federal reserve system, before May 1 .

INTERPRETATION IN BRITAIN

LONDON, April 6

Pffasident Roosevelt’s relaxation of the embargo oil gold movements is regarded here as revealing a more advanced degree of recovery in America than has yet been assumed to liave taken place, and also as a definite timation, if any were needed of America’s determination not to quit thft gold standard.

TJ.S. CANADA TRADE,

OTTAWA, April 5. .The events of the past few days have strengthened’the ''belief that a i‘eciprocal trade agreement between Canada and the United States is in the making • No official enofirmation is available, but it is not the custom of the Government to make disclosures while such projects are pending.