WORLD ECONOMICS.

Ashburton Guardian, Volume 53, Issue 151, 7 April 1933, Page 5

WORLD ECONOMICS.

UNITED STATES POLICY. FIVE MAIN POINTS OUTLINED. (United Press Association—Copyright). NEW YORK, April 5. “’At last President Roosevelt and Mr Ramsay MacDonald are to meet,” telegraphs the Washington correspondent of the “New York Times.” “Mr Roosevelt’s statement to-day declared that they would try to repair the broken world together, during the course of an informal exchange of views regarding the general economic situation and the problem of disarmament,” The President'has felt, said the correspondent, that a visit to Washington by the British Prime Minister would be helpful. The President repeatedly since the election, has remarked that. Mr MacDonald is an old friend and he would Vastly prefer to deal personally with him. The meeting will take place, and upon what happens there depends not only the fate and location, of the International Conference, hut also whether there will he .such a conference at all. The President wants an Anglo-Ameri-can, and, if possible, an Anglo-French-American, accord in . advance on international economic questions. He wants the war debt question to wait on the larger issues, and above all he wants to have a talk with Mr MacDonald. The Administration’s foreign policy as thus far disclosed contains the following points:—■ “(1) A preliminary meeting at Washington of representatives of certain Class A Powers to prepare for tho World Economic Conference. “(2) The grant of power from Congress to the Administration in advance to make effective international trade agreements and to defer the war debt payments due on June 15, if these agreements have not been concluded and Congress is adjourned before that instalment date. “(3) Suspension until the next session of Congress of any effort to have the United States join the World Court. “(4) Cessation of activity on the Far Eastern question until the former matters have been adjusted. “(5) Blending war debts and disarmament- with other economic problems if Europe can be persuaded to do it.” Whether the official Economic Conference, as well as the preliminary one, will ho held at Washington, is up to Mr MacDonald. If he wants to keep it in London and preside over it, that will he done, if he should join the indicated French movement to transfer the main conference to Washington, that may he agreed upon. THE FORMAL INVITATION. (Received This Day, 9.35 a.m.) WASHINGTON, April G. A formal invitation to Mr MacDonald to visit President Roosevelt was handed to the British Ambassador (Sir Ronald Lindsay) to-day. EFFECT ON THE CONFERENCE. “WOULD LIKE TO HURRY IT.” This Day, 12.5 p.m.) LONDON, April 6. Asked in the House of Commons if his visit to Washington would have the effect of postponing the World Econo mic Conference, Mr J. Ramsay Mac-. Donald replied: “Quite the opposite, I hope. I would like to hurry it up.”—• British Official Wireless.