FOURTEEN POINTS

Hawke's Bay Tribune, Volume XXIII, Issue 102, 11 April 1933, Page 7

FOURTEEN POINTS

FOR INTERNATIONAL CONFER ENCE CHAMBER OF COMMERCE PLAN. MEANS TO OVERCOME WORLD CRISIS. By Tele»riph-Pre«« Assn.-Copyright. (Received 11, 11.30 a.m.) PARIS, April 10. On behalf of 47 countries the Council of the International Chamber of Commerce has prepared a plan containing 14 points for presentation to the World Economic Conference in the hope of assisting to overcome the world crisis. The chief suggestions are : — Restoration of political peace. Removal of the problem of political debts. Creation of an international monetary standard preliminary to the restoration of a free gold standard. Government action to deal with exchange stability. Balanced budgets. Reduced tariffs. The payment of debts in goods and services. Avoidance of inflation. Agreements to overcome over-production. All Governments to co-oper-ate in a campaign to increase the prices of primary products. PROMOTION or TRADE. U.S. CHAMBER’S PROGRAMME. (Received 11, 11.30 a.m.) WASHINGTON, April 10. A programme for international action to promote trade, including a recommendation to exchange war debt moratoria in appropriate cases for disarmament and markets abroad for United States goods, has been framed by the United States Chamber of Commerce to end economic nationalism. The Chamber advises caution regarding Mr. Hull’s proposal for a general lowering of tariffs. The Chamber asked that American dolegat.es to the World Economic Conference hold fast to the principle of reasonable protection with safeguarding provisions to meet unfair competition and the effects of depreciated currencies. The Chamber suggested the establishment generally of a scientific tariff rate, making the processes removed from purely political considerations. WASHINGTON AGENDA. (Received 11, 10.30 a.m.) WASHINGTON, April 10. Mr. Cordell Hull, Secretary for Foreign Affairs, indicated to-day that among the subjects to be discussed at the Washington conversations are resto -,tion of the price of silver and control of wheat surplusesMr Hull said: “The question of developing new and enlarged industrial uses for silver is emphasised in the conference programme as worthy of careful consideration. Also advocated I for consideration is possible improvement in the methods of marketing metal by producers and currency authorities. Other possibilities are the increased use of silver as coins by the principal nations and the purchase by leading countries now on the gold standard or desiring to return to it of a stipulated amount of silver for addition to the reserves of the central banks.”