MAJOR POLICIES

Auckland Star, Volume LXXV, Issue 232, 30 September 1944, Page 5

MAJOR POLICIES

POST-WAR GERMANY

President Roosevelt Sets Out Programme N.Z. Press Association—Copyright Rec. 11. WASHINGTON, Sept. 29. President Roosevelt, in a letter sent to the Foreign Economic Administrator, Mr. Leo Crowley, outlining major policies regarding postwar Germany, said that the following policies should be effectuated by the Foreign Economic Administration within the scope of its present functions and responsibilities when military resistance in Germany has been overcome:—

(1) Export control: With a view to encouraging private trade and without interfering with the successful prosecution of the war against Japan, the F.E.A. should relax export controls compatible with our continuing war objectives, particularly the defeating of Japan most quickly and as effectively as possible. International trade on as full and free a basis as possible is necessary not only as a sound economic foundation for future peace, but in order that we may have full production and employment at home. The Government should assist, to any extent necessary, the high level of international trade by returning international commerce to private lanes as rapidly as possible. (2) Strategical, critical raw materials: In view of the curtailment of our war production, after the German phase of the war the F.E.A. should consult supply agencies with a view to making the appropriate cut in the foreign procurement programme for strategic, critical materials. This adjustment should be made in order to prevent undue and unnecessary financial losses to the American taxpayers, to best preserve foreign relations and strengthen the foundation for high level, international trade in the future.

(3) Preclusive buving: I understand the peak of the F.E.A. preclusive buying has already passed as a result of the United Nations' victories, and F.E.A. should continue to take all necessary steps to prevent Japan getting strategic, critical materials, but should limit preclusive buying to achieving that end. Economic Warfare (4) Economic warfare: F.E.A. studies of the enemy's war potential and other phases of economic warfare should be reduced and focused on the war against Japan. (5) Lend-lease: Until the complete -defeat of Japan and Germany the flow of lend-lease aid should be continued in amounts necessary to enable the combined strength of all the United Nations to defeat the common enemies most quickly and with the least loss of life. (6) Surplus property: You should continue to see that no unnecessary surpluses develop out of F.E.A. procurement for lend-lease, Unrra or other purposes. (7) Control the war-making power of Germany: The work of studying i from an economic standpoint what should be done in Germany to control its power and capacity to make l war in the future must be accelerated so that Germany does not become a menace again to succeeding generations.

(8) Reconstruction and future foreign trade: It is in the national interest of the United States, also the joint interest of the United States and other peace-loving nations, that the destruction of war be repaired and foundations for secure peace be laid. Any marked improvement in the economic well-being of the United States will aid materially in the building of the durable peace.