THREAT OF ANARCHY
WORLD LIVING ON HALE RATIONS ON ACCOUNT OF WAR DEMANDS. MR HULL ON RECIPROCAL TRADE. By Telegraph—Press Association—Copyright. (Received This Day, 10.35 a.m.) WASHINGTON. January 11. The Secretary of State, Mr Cordell Hull, defending the Trade Agreements Act before the House Ways and Means Committee, said the policy of reciprocal trading alone would forestall an economic breakdown. With the spread of dictatorships and recurrent wars, the world was faced with anarchy unless it were rebuilt economically by the methods which the trade treaties provided. He continued: “All international faw and morality has been brushed aside in a large part of the world, and the major part of the purchasing power of many nations is being absorbed in war preparations. Eighty per cent of the world is living on or below the poverty line, and neutrals and belligerents are living on half rations.”
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Wairarapa Times-Age, 12 January 1940, Page 5
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145THREAT OF ANARCHY Wairarapa Times-Age, 12 January 1940, Page 5
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