DEPRESSION LIFTING

Evening Star, Issue 21079, 16 April 1932, Page 13

DEPRESSION LIFTING

CONDITIONS IN AMERICA NEW ERA OF PROSPERITY Press Association—By Telegraph—Copyright. LONDON, April 14. Mr F. B. Kellogg, who arrived at Plymouth with Mr Stimson, expressed tho belief that the world depression had ended and a new era of prosperity was gradually dawning in the United States, but business must bo placed on an economic basis and expenses reduced in order to prevent high taxation, BRITAIN AND AMERICA CO-OPERATION FOR WORLD PEACE. LONDON, April 14. In the presence of the Prince of Wales, tho Earl of Derby, and other notables Mr A. W. Mellon (Ambassador for America), speaking at the Pilgrims’ dinner, reviewed the world situation. He added that Britain and America together represented the great centripetal force in a world which w’as tending to fly apart, and they must leave nothing undone to strengthen it, not only by guarding their friendship as sacred and vital, but by co-operat-ing with all other nations to achieve again world pence and economic wellbeing. -