ANGLO-U.S.A. TRADE

Greymouth Evening Star, 2 June 1937, Page 7

ANGLO-U.S.A. TRADE

WIDESPREAD AGREEMENT NEGOTIATIONS IN PROGRESS [BY CABLE —PRESS ASSN. —COPYRIGHT.] LONDON, June 1. The “Morning Post” says the Imperial Conference is considering two possibilities: — (1) A grand-scale commercial understanding between the Empire and the United States, tantamount to economic co-operation among the Englishspeaking countries, with a trade agreement between Britain and the United States as a. central pivotal factor. (2) A series of bilateral pacts among Britain, the Dominions, and the United States.

These major questions so far have been discussed only in the broadest sense. A possible outcome will be a compromise constituting a series of bilateral pacts based on, and interlocked by, a common understanding. An agreement is certain on major principles. Clearly, however, the delegates have to seek the authority of their respective. Parliaments before committing themselves to a major policy. It is expected that the negotiations will continue long after the conclusion of the conference. For this reason the High Commissioners for all the Dominions are attending the discussions, and will carry on the negotiations. ' OVERSEAS CONSIDERATION. . (Received June 2, 8 a.m.) LONDON, June 1. Full details of the Dominions’ Office and Board of Trade schedules, drafted as the outcome of Anglo-American experts’ discussions at Washington and London, have been handed to the delegates at the Imperial Conference. Britain has asked the Dominions to advise .what concessions they were prepared to make in order to prepare a way for an Anglo-American trade treaty. It is hoped that the replies will be available by the week-end, rendering it possible to resume all Washington talks. Revision of the recently renewed Anglo-Canadian and Ottawa Agreement is involved, likewise the Anglo-New Zealand and Anglo-South African. NEW ZEALAND’S CONDITION. (Received June 2, 1 p.m.) LONDON, June 1. The Australian Associated Press understands, in connection with the English and American trade pact, discussions, that New Zealand will not agree to any proposals if they reduce New Zealand sales to Britain, simultaneously increasing the Americans’ sales to Britain. However, provided an agreement can be reached satisfactory, to New Zealand, Mr Savage, uinlike the other Dominions’ representatives, would with Mr Nash, be ready to intimate New Zealand’s attitude, before leaving England.