N.Z. PREMIER

Hokitika Guardian, 16 August 1933, Page 5

N.Z. PREMIER

OBJECT OF VISIT TO STUDY U.S. RECOVERY PLAN. (United Press Association—By Electric Telegraph—Copy righ fc). NEW YORK, August 14. Tht Premier of 'New Zealand (the Hon. G. W. Forbes), when interviewed here by the Australian Press As-, sedation, said that the primary purpose of his visit to America was to study America’s national recovery administration, since the working out or the American plan would" also affect the rest ‘of the world. He had had an opportunity of examining the application of the so-called planned economy directly at its source, particularly in the financial and industrial areas centring around- New York. To-day Mr Forbes is proceeding- to Washington to discuss with President Roosevelt (who will entertain Mr Forbes at White House at luncheon), some of the larger aspects of the United States recovery programme. Mr Forbes, while he is convinced that all who are concerned with the administration of the plan are inspired by the genuine conviction of its necessity and of its ultimate success says that he is personally reluctant to express any opinion as to the ovontual outcome. He states that the immensity of the problem which President Roosevelt is attempting to solve becomes apparent when one examines the technical and economio considerations alongside of the human material with which the plan lias to work, namely, the varieties of the nationalities making up the one hundred and twenty million people who are to be welded under the plan.

Asked if New Zealand could find anything in the plan that would be applicable to tile Dominion, Mr Forbes said that he intended looking into «, single aspect, such as the farm recovery administration, particularly in its application to wool and meat but said that, whereas America’s problem is one of internal recovery, New Zealand wa s compelled always to cut its economic garment according to the cloth of foreign, markets. Doubtless, however, international lessons would arise from the ultimate working out of the American scheme.