AMERICA’S TRADE.

Ashburton Guardian, Volume 53, Issue 255, 9 August 1933, Page 5

AMERICA’S TRADE.

EFFORTS TO EXPAND. OVERTURES TO REPUBLICS. LONDON, July 19. While the American delegation to the Economic Conference has been urging a probe of fiscal possibilities with the whole of the nations pledged to a tariff truce, it seems that Washington has been rounding off a scheme to bring North and South America into a bloc upon a basis of the widest, exchange of primary and secondary commodities. Already the Argentine, Brazil and Colombia have been invited to open negotiations and have responded. Their chief trouble is the lack of cash, but Washington has told them not to bother too much about that, because the United States will provide generous long credits. Hearing of these happenings, other needy South American republics have also decided to “blarney” Washington in the hope of sharing in the largesse which President Roosevelt is credited with scattering in order to consolidate American markets and so avoid European entanglements’. But Mr Roosevelt is still leaving a loophole, for the State Department has intimated to Portugal, (Sweden qnd Norway that trade treaties possibly can. he arranged. In no instance have official trade delegations been asked to go to Washington. That would he tantamount to repudiating the fiscal truce, hutthrough informal channels conversa-j lions have been carried a long way.