TRADE & PEACE
RESTRICTIONS DENOUNCED BY MR HULL SMALL NATIONS WARNED. DANGER OF BARTER PACTS WITH GERMANY. By Telegraph —Press Association —Copyright. WASHINGTON, June 12. The Secretary of State, Mr Cordell Hull, in a statement commemorating the tilth anniversary of the American trade agreements programme, warned nations seeking self-sufficiency that they were heading toward self-des-truction. He hinted indirectly, without mentioning names, that small countlies concluding barter agreements with Germany iacc a danger of being poliL.cal Vurals oi that nation, and he intimated that closed economies -would mean an increase in armament and numan anil economic regimemation. Mr Him stressed trial me trade agreements programme had contributed in a large measure to the recoveiy oi Americus loreign trade, and nad won me support of those countries whu.ii today transact the bulk of me worlds commerce. He concluded with what is considered to be an invitation to both Germany and Italy to join the programme. "Our hope and our standing invitation is mat in the coming years the programme may be joined by all. By its very essence it. is open equally and impartially to each and every nation without exception,” he said.
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Wairarapa Times-Age, 14 June 1939, Page 5
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190TRADE & PEACE Wairarapa Times-Age, 14 June 1939, Page 5
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