U.S. SCHEME

Hokitika Guardian, 12 April 1933, Page 5

U.S. SCHEME

TO END ECONOMIC NATIONALISM

A PROGRAMME FRAMED

(Per Press Association — Copyr ; ght.)

WASHINGTON. April 10.

A programme of international action to promote trade, including a-. recommendation to. exchange war debts mforatoria, fin appropriate cases, for disarmament and market abroad for the United States goods, has been framed by United Stakes Chamber of Commerce, to end economic nationalism. The Chamber advises caution regarding Mr Hull’s proposal for a general lowering 0 f tariffs. The Chamber asked that (American delegates to the World Economic Conference hold fast to the principle of I'ensanablc protection with safeguarding provisions to meet unfair competition and effects of depreciated cuiTencies, The Chamber suggested the establishment generally of scientific tariff rate, making the processes removed from purely political considerations.

SUBJECT'S FOR CONVERSATIOTN

SILVER AND WHEAT CONTROL

WASHINGTON, April 10,

Senator Hull indicated t O -day that among the to be discussed at the Washington conversations are restoration of the price of silver and control of wheat surpluses.

•Mr Hull said that the question oi developing new raid enlarged in<Sfi-t-rial uses f°r silver is emphasised in thp conference programme as worthy of careful consideration of the possible improvement in methods of marketing the metal by producers and currency authorities.

Other possibilities are the increased use of silver coins by principal nations, and the purclrae by leading countries now 0 n the gold standard, or desiring to .return to it, of .a stipulated amount

of silver for addition to the reserves

of central banks