BARGAIN BASIS.

Auckland Star, Volume LXIV, Issue 85, 11 April 1933, Page 7

BARGAIN BASIS.

TRADE RECOVERY.

AMERICAN PROPOSAL.

War Debt Moratoriums for

Markets Abroad.

CHAMBER OP COMMERCE PLAN.

(United P.A.—Electric Telegraph—Copyright)

(Received 11.30 a.m.)

WASHINGTON, April 10.

A programme for international action to promote trade, including a recommendation to exchange war debt moratoriums in appropriate cases for disarmament and markets abroad for United States goods, has been framed by the United States Chamber of Commerce.

To end tlio economic nationalism, as pleaded by the Secretary of State, was said by officials of the Chamber of Commerce to bo the reason for fashioning the programme which advises caution regarding Mr. Hull's proposal for a general lowering of tariffs.

The chamber has asked that the American delegates to -the World Economic Conference should hold fast to the principle of reasonable protection with safeguarding provisions to meet unfair competition, and the effects of depreciated currencies.

It was also suggested by the chamber that there should be the establishment generally of a scientific tariff rate making the processes removed from purely political considerations.

Mr. Cordell Hull, Secretary of State, indicated on Monday that among the subjects to be discussed at the Washington conversations with other nations, are the restoration of the price of silver and the control of wheat surpluses.

The Silver Question Prominent. In regard to the silver question, Mr. Hull indicated that it is now figuring in the discussions between America and Britain, carried on through. Sir Ronald Lindsay. These will continue this week. The question of silver and possible means of improving its price is mentioned in detail in the formal agenda for the Economic Conference.

The question of developing new and enlarged industrial uses for silver is emphasised in the programme as worthy of careful consideration, and also advocated for consideration is the possible improvement of the methods of marketing the metal by the producers and currency authorities.

Other possibilities for discussion are the increased use of silver as coins by the principal nations and the purchase, by the leading countries now on the gold standard or desiring to return to it, of a stipulated amount of silver to be added to the reserves of central banks.