WORLD RECOVERY

Evening Star, Issue 21080, 18 April 1932, Page 7

WORLD RECOVERY

NATIONS MUST CO-OPERATE HINT TO AMERICA Press Association—By Telegraph—Copyright. LONDON, April 16. Sir Austen Chamberlain, in the coprso of a statement, said: “We have put our house in order and have balanced the Budget, and wo .can face the future confidently, 'but not alone. Other nations must contribute if the world is to recover its lost prosperity. Unless we stand together we shall fall, one alter another, into a common pit of misery and decay. The policy of 1 each for himself and devil take the hindmost ’ has gone past. Americans, Englishmen, and Europeans must remember that they are also citizens of the world. One longs for Dr Stresemann again. Herr Hitler is no Stresemann. Let us pray that no folly he attempted lest reaction in Germany breed reaction elsewhere. The principle that the United States proclaimed for China, that changes due to force will not he recognised, needs firm assertion from Europe, after which wo will he astonished by the progress that is immediately possible. Does tho United States yet recognise, as Europe does, the stronges desire for agreement and co-operation? If Europe seeks salvation by mutual sacrifice sliQ will turn to America, expecting her to he not less unselfish and far seeing. There is no cure for the evil from which the world is suffering unless war debts are dealt with simultaneously in tho same spirit as reparations, the abolition of which Americans desire no less than Englishmen. ' The sacrifices of the Europeans will he vain unless wisdom and understanding are also shown by the American people.” REASON FOR BRITISH TARIFF MR BALDWIN’S EXPLANATION. (British Official Wireless.) RUGBY, April 16. (Received April 18, at 11.30 a.m.) Mr Baldwin, at North Wales, said if he were asked why ho referred in such way to these European units when he had advocated a tariff in Britain ever since the war, he would reply: “We never needed it more in a world developed as I have described and with a mentality such as I have described, because tho more those'harriers went up the more essential it has been for each country at any price to find some markets, and it was Britain which was paying ’ the cost of what was being done in the rest of the world. Not until that was stopped and wo could speak on terms of equality with the other countries of Europe could we begin to work for what is essential, and that is larger economic unity and freer trade throughout the barriers of the world.” It was necessary to learn that in the long run no nation can enjoy prosperity at the expense of other nations. Just as the presence of one rotten apple in a basket will rot them all, so does the presence of one country economically unhealthy prevent sound health in other countries. EUROPEAN OUTLOOK THE TARIFF EVIL. (British Official Wireless.) RUGBY, April 17. Dealing with tho European outlook in a speech in North Wales last night, Mr Stanley Baldwin said that nothing had done more harm economically than the splitting of Europe into many would-be self-sufficient States and the post-war mentality that made all these small units believe that they could bo self-sufficient. This created in Europe a, vast network of prohibitions and tariffs which was interfering more than anything else with that freer trade which was essential for the world.