MANAGED?

Rotorua Morning Post, Volume 2, Issue 513, 22 April 1933, Page 5

MANAGED?

pl'T'S MOVE! r^LTERS IDEAS IfjG OVERSEAS jNVOYS EFFECTS •^"raph-Copyrfeht). rU 21, 5-5 P-m-tfewYork, April 21. 'Kamsay Mac1 1 • the question must Jtowhat extentwas ftr him and for M. u official abandonment hdard, and ihe intend [ontrolled inflation has fopsefc their plans and L possibly mcalculLotwbolly predictL of such stage setL too much for the Lmely the adjustment Kconomic affairs via Ehiptelegraph calls L Association to-day Ling statement from [■ "It is easy to realise of the past two days [ altered the situation Lndon and provided r for consideration. fc the abandonment of [d in the United States btside bearing on ecoIns." , L a statement, aboard |e, said, "My opinion Le had supposed the H-await exchange Avith | and myself before lion, as the invitation [y a desire to consult Enternational aspect. |ow xvith the circumfgoments is certainly le hurried steps of our Itions will have a new ififuss even to prGSUHiG ■is intentions." Ichange Upheaval Itreet has changed into |k market with eertain j; Such as United Stati 50 per cent in price. In those of the United ient, have depressed. ■av'e made an excep- ■ is d'rawn that going jandard did not seri" |e cost of living in land that similarly Kn in the street" will Id in any way. lossible that the basic Id living can continue le such hectic markets ■days withont the cost Iquickly and percept■ot accompanied by an Itment upward of pre■ages, might seriously Kteat element cf the Eely the labouring ■scapably the labour- ■ the present time ill ■ itself to any fur'cher m in Congress ■the question of stage ■s to indicate that if ■ts, it is lodged ehiefly ■ Congress. Mr. Eain-Bto-ddy and the speei- ■ the bill that the Pre- ■>' he finds upon invesBhe commerce of ihe ■ being adversely af■preciated currency in I or wishes to secure ■reement for the stab■tency, can take ap- ■ is significant. ■ted too that Mr. ■onally, is not averse He situation for the Hrgaining" at the imHngton conference, Bees, and not intent, ■een the principal imRhe various steps. Rthat despite the genBe and willingness to ■fder with which the

H accepted Mr. RooseRe for the past six ■ vast tier on tier of Rved itself into Anie■lift itself by a boot V 'the people's impati- ■ f years, culminated Bwn and well calcul- ■■ radical inflation of R^dical change in the ■aatic Move ■,')een allowed to have ■ere ls no saying what Bns,as concerns money ■ foi'ced through durK^weeks, aside from ■Phng the President's Vmme. Kn is that Mr. Roose■Jmselfatthehead of H cleverly stopped ■ gainsaying the fact H ' which to-morrow ■Passed, gives the PreB, 0 many extraordin■°es not make it man-

«7n comes worcl to- 1 ■ „ LCent- Psychology Bjent dynamite." The BySetts a conipound K.f ™ntaiRs germs of Kf pave keeu advancB 'ungress, and by i»n°t onlyrepre- ■ bespeaksthesupEalTtllthe P°ssible ■dits T0rity* Its ■acf!\n Cient safety ms*.*. roos i Boniy to dCtator' with ■ SUCl1 eX" ■enmiS erinS" FedHtiatp °Perations, le? n71Clei,ange Bign p econ°mic naKd sL?ments- ' Bbut tn s ls off the Bwert!"m0rrow tlle Hber stJesu^e sa"ie, wWch B'e?SadvVe11 knownJ is ■ ,° tmkering" Bion. jTp°es not want B>t the , !ants eredit ■"ction „?,eels in-

Bill" allows him are not producing the 'desired credit expansion, he will quiekly abandon it. Despite Nationalistic tendencies in the situation there is a strong conviction that the ex treme positioh -which the United States has apparently assumed' on the eve of the international conference, may produce benefifs rather than evils. No Isolation

It is pointed out that America is perhaps now realising better than ever before that isolation is impos^ sible and that the monetary systems of the chief nations of the world are not only in fa'ct interdepPndent, but provision must be made for their smooth interdependent functions. There is growing appreciation of the fact that Great Britain will probably make a lump sum debt 'debt offering 'dietated by the essehtial and international economic 'co'nsiderations, and that if the United States Goverriment does not see the way clear to accept same, the onus for the consequenees of dislocation may rest upon the United States rathei' 'than upon the debtor. Finally there will be a readiness on the part of America to off er greater reCeptivity to foreign goods. Ame-