TARIFF PROBLEMS

Rotorua Morning Post, Volume 1, Issue 91, 8 December 1931, Page 5

TARIFF PROBLEMS

■(British Official Wireless)

mltain claims right to x study her own ffi interests ®eign attitude changes

K RUGBY, Monday. V tariff problem was referred to B>e Chancellor of the Exchequer, HE^eville Chamberlain, at Newport, K he frankly welcomed the desire wessed by other countries for a ■pdly mutual discussion of tar-iffs, Hsaid that no binding agreement 5 be conqluded until after the Kwa Conferenee. Reat Britain, said Mr. Chamber6 must claim the right exercised Bther countiies to direct a fiscal By according to her own interB The recent French surtax on Hjsh exports was peculiarly damH to the British coal industry, Bpse it did not apply to sojne of Bprincipal competitors, quoting B prices in depreciated sterling, jit came on top of a strict im- | rationing system. The British irnment had made strong repreations to France, and he trusted ;they would very shortly receive consideration. 2 saw no reason why the deprecil in the value of sterling should substantial or prolonged, but a ifactory settlement of reparations ld do more than anything else to )ve the nervousness now so widead over the world. nious causes which had led to the pt depreciation in the external e ^ the pound were discussed by ^Chamberlain, who said that one he chief was perhaps the general smess among foreign holders of lng balances in London, who saw ?ing over Europe a cloud of unpnty about the future, and who ;ght that they would be more comF te if they had liquid resources |0me, where they. would be ayail- ! &t short notice. He had no doubt those who had been taking their s away from London would prey nnd that they had made bad jams.