ECONOMIC POLICY
DIVERGENCE OF ABIS
MACDONALD^LAYTON LETTERS
OffieUl Wireless.) EUGBY," 26th October. Sir Walter Layton, a well-knowa economist, and editor of the "Economist," who has resigned from.the Preparatory Committee of the World Economic Conference, explains to the Prime Minister in his letter of resignation that in a recent interview with, the Chancellor of- the Exchequer, Mr. Neville Chamberlain, he found that, although on many important points there, was agreement, on others tha views of the Government and himself were so different that he could not fully represent it on tha committee. He had found, that the Government believed that reasonable freedom of trade could be restored through, international negotiations with ■ foreign countries within the limits- of the . Ottawa argeements and subject to strict insistence on most-favoured-nation rights. In his own opinion that would have little effect on the protectionist system of the world, i ■ r What was wanted was that Britain; . whose attitude would be almost a decisive factor, should press for plans on much bolder and broader lines in cooperation with low tariff countries and those to whom the restoration, of foreign trade was ill-important. In reply the Prime Minister -wrote regretting Sir. Walter Layton's resignation and saying, that he had hoped if or Sir Walter's assistance, so that his known divergence of aims far from hindering the Government would really, have helped it. He said that Sir Walter had misinterpreted the Government's attitude. U'l think," wrote tha Prime Minister, "the main difference between us is our varying estimates of ' the progress to be- secured on the linei you favour, which depends ,on the policy of other countries as well as our own."» - . The Prime Minister expressed a hope for Sir Walter Layton's assistance as the conference develops on any points on which he has well considered view*
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Bibliographic details
Evening Post, Volume CXIV, Issue 103, 28 October 1932, Page 7
Word Count
299ECONOMIC POLICY Evening Post, Volume CXIV, Issue 103, 28 October 1932, Page 7
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