REDUCED TARIFFS
(Press. Assn.-
CANADIAN BANK PRESIDENT URGES TEN PER CENT. REDUCTION A BOLD STROKE REQUIRED
— By Telegraph — Copyright)
Toronto, January 10. Sir John Aird, President of the Canadian Bank of Commerce, addressing the annual meeting of shareholders on Tuesday, called on all nations to make a general reduction of ten per cent. in their tariffs, as a means of aiding business to return. "Some bolds strolce of international action is required to permit eeonomic progress," he said. "I suggest an early reduction of ten per cent in every tariff in all countries, a move which should not seriously distnrb tho economy of each, hut which might check the decline in world trade and lighten the arduous tasks confronting statesmen at the f orthcoming eeonomic conference." He made a vigorous plea against the overthroW of the existing structure of the world and against the nationalisation of hanking. He attributed the trade depression to the consequences of the Great War but in recent developments at Lausanne and Ottawa he saw good omens for the future.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 428, 12 January 1933, Page 5
Word Count
174REDUCED TARIFFS Rotorua Morning Post, Volume 2, Issue 428, 12 January 1933, Page 5
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