A SERIOUS MESS

Feilding Star, Volume 9, Issue 3851, 6 October 1932, Page 7

A SERIOUS MESS

CONDITIONS IN AMERICA I)EBTS 511 LLSTONE MR. AY. GOODFELLOW A JEWS (Per Press Association) Hamilton, < >ct. 5. •'Amorim is in a very THiioult position,’’ said Mr. AV. Good fellow at a garden party here to-day marking the occasion of his retirement as managing -director of tin* New Zeal«ind Cooperative Dairy Company. “If she takes goods in settlement of the war debts she will bankrupt a big proportion ol' her producers. She lias got herself into a serious mess, and tlie only way out in my opinion is the cancellation of the war debts. This will stimulate buying on the Continent and end the present slump. Without this and reduced tariffs we can hope for little alleviation.” M.\ Good fellow addel that the Canadian workers were paid on a very low scale, and there was little cooperation among the farmers. In the United States conditions were extremely bad. Enormous plants wore working at a third of their normal capacity. They were discovering that one-way trade was impossible. If they wanted to sell goods they bad to buy.