HOOVER POLICY.
CASE FOR INCREASE. Only Alternative Stability in Currency. U.S. TRADE SUFFERING. (United 3?-A.—Electric Telegraph—Copyright) (Received 11 a.m.) WASHINGTON, January 25. President Hoover feels that the United Jjtatcs is faced with the necessity eitiher of increasing the tariff walls oil taking action to gain stability in foreign currencies, and it is considered ' possible he will move for a speeding-up of the approach to the World JLconomic Conference. It was stated in a high Administration soilfce that the President desires to avoid major increases in tariff, but feels it may be necessary unless the World. (Conference can act quickly to bring greater stabilisation of foreign currencies.
Mr. Ho'over, it is stated, believes that only in tihe past four or five months has the United States felt the full reaction from the departure of various European countries from the gold standard:
Figured have been placed before liim designed, to show that goods from countries wtith depreciated currencies are flowing into the United States with intensity.
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Auckland Star, Volume LXIV, Issue 21, 26 January 1933, Page 7
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164HOOVER POLICY. Auckland Star, Volume LXIV, Issue 21, 26 January 1933, Page 7
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