LONDON ASSEMBLY

Hokitika Guardian, 24 June 1933, Page 5

LONDON ASSEMBLY

ECONOMIES TALK WHEAT PROBLEM’S IMPORTANCE. (British Official Wireless.) RUGBY, June ' 23. The sub-committee of the Economic Commission, dealing with the co-or-dination of production and marketing, has before it a memorandum prepared by the Secretary, and embodying . the previous work and ideas expressed in the course of discussion. It emphasises the importance of the wheat question being pressed forward during the present conference, as an arrangement whereby prices might be raised and importing countries brought to a moderate tariff policy’ would be likely to exert considerable influence on the evolution of a trade policy in view of the fact that the wheat question concerns a large majority of agriculturists in all countries. The Conference is urged to consider the attempts to organise certain specific branches of production as part of a general scheme intended tp. restore buoyancy to economic Title. Governments must assume special responsibility, while taking into serious aceoitnt the opinions of the parties directly concerned, and Tvthout whose co-operation a satisfactory scheme would be difficult, A single solution, applicable in the : same mariner to all products, is regarded as impossible, but a solution of the situation is offered with re- i gard to the production and marketing 1 of wine," coal, sugar, Wool, cotton, 1 and tobacco. The Brazilian delegation submitted ( a proposal to the Economic Commis- \ sion, that coffee be included among . the foodstuffs internationally organ- i ised, to maintain the equilibrium be- | tween production and consumption. , • J GREATER CREDITS URGED. j i BY AMERICAN DELEGATE. c

LONDON, June 23

At the Economic Conference Senator Coupons, Republican' member of the American delegation, -tabled a- further motion in favour of close ‘co-operation between 'Governments arid central hanks, aiming at - making•ab'uriclaht credits available to sound enterprises,

and reinforcing this-with'-.til© stimulation of employment by Government undertakings in every country. .The United States delegation tab V-fl a resolution in the Economic) Commission,’designed to lay the; foundations for a gradual ' reduction'and removal of artificial trade' harriers. It asks the Conference to agree that a policy of economic nationalism is against the 'common interest; that all arbitrary restrictions be removed com. pletely and quickly, and that the tariff " barriers be reduced ab soon' aS’possible by reciprocal, bilateral, or multilateral agreements, which should contain no di criminatory features likely to react unfavourably on world trade as a whole.

MR ROOSEVELT AND CONFERENCE. ; '' ATTITUDE of AMERICA. LOADp'N, June 22. One of the most surprising of all the remarkable rumbnrs in the lobbies to-night, was that jNTr Roosevelt himself intended to c&me to the Conference. This had hardly finished reverberating among the delegates and pressmen when the inevitab 1 .! ofihm' American disclaimer was issued. A good many'delegates frankly declared to-day that nobody could be expected to take the latest .American resolution seriously, in view of the United States’ excessively nationalistic and economic policies. Nevertheless Senator Hull (U.S.A. ■Secretary of State) has issued a statement. to-night stating the resolution reflected the views of the Government delegation. “Its purpose is to seek the judgment of the various delegations on the fundamental issues in order that the world may be sec facing and thinking in the right direction, in search of a solution of the ills attributable to economic rationalism.