AMERICAN ACTION

Rotorua Morning Post, Volume 2, Issue 531, 15 May 1933, Page 5

AMERICAN ACTION

(Press Assn.-

BILL GIVES PRESIDENT , FAR-REACHING POWERS

— By Telegraph — Copyright).

Washington, May 13. The President, Mr. Roosevelt, today signed a massive Bill to raise the .'P'fices'hf United States farm produce.' f Thp Act gives 'hiifl extraordinary inflatioriafy pbw&rs 'and enable's the

easement of the agricultural mortgage burden. New York, May 13The New York Times' Washington correspondent says a most far reach- • ing piece of legislation since the war jto lift the United States out of the idepression was made ready for sub•piission to the House of Representatives to-night. It is known as the National Industry Recovery Bill and will combine a « gigantic plan for the Federal control of industry, including a 3,300,000,000 dollar (£660,000,000) puhlic works programme and a manufacturers' saies tax in order to provide the funds - necessary for certain aspects of the ? scheme. v President Roosevelt will he given Wirtually complete control over the public iinprovements policy of the Government, and through a board of j five, will possess coriiplete powers of I supervision over industrial producr tion prices, wages and hours of wbrk.