EXAMPLE TO WORLD

Evening Post, Volume CXXV, Issue 20, 25 January 1938, Page 9

EXAMPLE TO WORLD

LOWERING OF TARIFFS

HOPES OF TRADE TREATY

BRITAIN AND AMERICA

(British Official Wireless.)

(Received January 25. 11.20 a.m.)

RUGBY, January 24.

Speaking at Liverpool, today, the President of the Board of Trade, Mr. Oliver Stanley, referred to the negotiations for a trade- treaty with the United States. "In the next few weeks," he said, "we are entering a most important phase of the negotiations for the most important trade treaty which this Government, in its seven years in office, has undertaken."

After referring to difficulties already overcome, Mr. Stanley added: "I am told by critics that it is not going to be a trade agreement but a political agreement. Ido not deny for one minute that any friendly intercourse with the United States or any sign to the world of any common interest and friendliness between the United States and ourselves is bound to have the highest political Importance. But these negotiations are entered into on both sides because we both believe we' can in a commercial treaty contribute to the commercial prosperity of our two countries and the world in general. That is what our negotiators will seek when they leave for America in a few days.

"They will find many difficulties in the way, but I believe they will succeed, and I believe it is possible for them to bring back a trade treaty which will benefit both the United States and Britain, lead to a greater flow of trade between the two countries, and provide an example in the lowering of trade restrictions throughout the world."