U.S.A. RECOVERY POLICY

Grey River Argus, 19 October 1934, Page 5

U.S.A. RECOVERY POLICY

IMPRESSIVE OUTLAY Less Production Plan No Good (Aus. & NZ. Cable Assn.) (Received October IS at 7.50 p.m.) WASHINGTON, October 17. The U.S. Treasury announced to night that during the three and a half months ending October 15. the Government expended 1,0 !.'»,• 100,000 dollars for emergency purposes. The receipts of the Government, for the same period totalled 1,121,000,000 dollars. Th** public debt on October 15 totalled 27,300,000,000 dollars, compared with 23.055,000,000 dollars on October 15,

The Secretary for Agriculture, Mr. Wallace, conceded to-night the failure of the Agricultural Adjustment Administrations maize and hog production control programme, which provides for Government benefits to those farmers contracting to reduce their maize acreage and to limit their hog production. Already more than seventy million dollars has been expended this year on the programme. Mr Wallace revealed the apparent disapproval of the programme by the farmers, of whom les st han 50 pci cent, of the total eligible under the plan voted in the A.A.A. referendum to determine the desirability of continuing the programme in 1935. Although a bare majority of those voting favoured the continuation of the plan, Mr Walalce indicated that the programme would not be again attempted.

TARIFF BARGAINING. SHADY TACTICS AGAINST U.S.A. (Received October 18 at 9 p.m.) WSHINGTON, October 17. The Secretary of State, Senator Cordell Hull, to-day criticised certain unnamed nations for indulging in the “indefensible practice” of raising their tariff barriers just, before the? were entering into international negotiations, the object of which was to lower their tariffs. Bringing the case down to the network of reciprocal Lade agreements that are now being framed by the United States, Senator Hull asserted that such a seeking of bargaining advantages would imperil any negotiations.