U.S.A. FARM PRICES

Greymouth Evening Star, 13 May 1933, Page 2

U.S.A. FARM PRICES

PRESIDENT’S NEW POWERS [BY CABLE —PRESS ASSN. —COPYRIGHT.] (Rec. May 13, 11 a.m.) WASHINGTON, May 12. Mr. Roosevelt to-day signed a massive bill to raise United States farm prices, giving him extraordinary inflationary powers, and enabling an easement of the agricultural mortgage burden. The Senate to-day, rejected an amendment to the Tax Bill, which would have authorised higher tariffs on goods from countries with depreciated currencies. INDUSTRIAL RECOVERY NEW YORK, May 12. The “New York Times’s”.Washington correspondent says: The most farreaching piece of legislation since the war, to lift the United States out of the depression, was made ready for submission to the House of Representatives to-night. It is known as the National Industry Recovery Bill and will combine a gigantic plan for Federal control of industry, a 3,300 million dollar public works programme, and a manufacturers sales tax, in order to provide the funds necessary for certain aspects of the scheme. Mr. Roosevelt will be given virtually complete control over the public improvements policy of the Government, and through a Board of five, will have complete powers of supervision over industrial production, prices, and hours of work.