OTTAWA ECHOES

Rotorua Morning Post, Volume 3, Issue 618, 24 August 1933, Page 5

OTTAWA ECHOES

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Srd) ieMpoRTERS OF AGREEMENTS F1ND THEMSELVES yod A MINORITY Imoi Heconomic BLOCS OPPOSED

■By Telegraph — Copyright).

e] Banff (Alberta), Aug. 22. Thaice Ottawa Agreements were fur- \ discussed to-day at the Confer- • i at the Institute of Pacific Res nijns, the supporters of the agreeIts finding themselves in a minattiy. »Mhe cuse for the agreements which S5 made largely from the British fllit of view, brought critieism from ffiious groups including the British hnselves. jlt wa* suggested by advocates of agreements that they formed vfredge which could be driven into T§; prevailing economic nationalism. |er nations, observing that the ^|reements produced stability of gfde, would be encouraged to enter % agreements of their own, thus cfjrniing economic blocs, which even- ' *>ally would combine into even larger Aaas within which reciprocal trade Sreements would be reached. jSlhe critieism of this point of view ks varied. It was suggested by ^jjlchnieal economists that the formajgfjn of blocs only meant that natp would produce goods they were 3tfk naturally fitted to turn out, and djiter a short stimulation of trade the sembers of the bloc would find their 5 osition worse than befor£. iTVir. t.or»vocont Slt.lVPR of fThllia. J&-

laian and the United States contendllthat the political dangers of eco•jmic blocs far over-balanced the ecotfomic advantages. n| The Canadian delegates denied that v)e Ottawa agreements meant that economic bloc was in progress of ■ iromation within the British Comjonwealth.