WASHINGTON TALKS

Hawke's Bay Tribune, Volume XXIII, Issue 105, 15 April 1933, Page 7

WASHINGTON TALKS

DEBTS, PRICES AND ARMS SUBJECTS FOR DISCUSSION. MR MACDONALD’S MISSION. (British Official Wireless.) (Received 15, 19.39 a.m.) RUGBY, April 13. I'he Prime Minister told Llie Clouse , of Lommous mat alien m llie United I otaies he wm uiscuss wuu t'resideui I Kooseielt wai debts. wholesale price levels and uisarniameut. Doth Governments were agreed that there should be a preliminary and candid examination ol Uie war debts situation, the settlement ot which would be one of lhe greatest blessings to the present generation. Au instalment ol the debt payment became due on June 15 and before then there would have to be a personal and candid examination, lor it was not going to be merely a matter ol experts. Ao provisional agreement, however, subject to acceptance o| Cabinet, would be entered into as a result of his Il ashuigtou visit. There were merely to be exchanges ol views. Mr MacDonald added that he would take the opportunity of his visit to speak tu President Roosevelt as president of the International Economic Conference No great success could result from thut conference unless part of the obstructions raised in the way of international trade were removed. He wanted to get co-operation of tho most cordial character and if he could do that he thought his mission would be successful MR ROOSEVELT’S PLAN. POWER TO MAKE TREATY. (Received 15, 10.55 a.m.) WASHINGTON, April 14. The legislation upon which President Roosevelt will depend for power to cut world trade barriers may authorise tho negotiation of a multi-lateral treaty at the World Economic Conference for horizontal cuts in all tariffs. The bill is being perfected. There are indications that the President may send recommendations to Congress shortly. The framework of the treaty would include power for the President to reduce tariffs 40 to 50 per cent, under a policy of bargaining through reciprocal agreements. This authority is subject only to the submission of the changes on a report to Congress, where they would lie for 60 days before becoming effective. [Sec page 8 for earlier cable.]