OTTAWA TREATY

Hokitika Guardian, 11 June 1937, Page 5

OTTAWA TREATY

NO REVISION WANTED BY CANADA. (United Press Association—By Electric Telegraph—Copyright). NEW YORK, June 9. The. Ottawa correspondent of the “New York Times” says that western Liberal leaders are strongly opposed to the sanction by Mr W. L. Mackenzie King, Prime of a revision of the Ottawa agreements requiring the Dominion to make concessions in order to facilitate a trade agreement between Britain and America. Western primary producers are not convinced of the wisdom of making sacrifices to enable Mr MacKenzie King to carry out his policy of the promotion of world peace through lessening trade barriers. The indications are, however, that Mr Mackenzie King will strongly insist and this may result in a schism in the party. It is indicated that Canadian golu-mining interests will be his ally. They fear " that a reduction in the United States price of gold may result unless freer world trade is initiated by a comprehensive treaty between Britain and America,' assuring the pros-, perity'of tire United States. The political correspondent’ : bf the; “New -York Times'’'* 1 ■hhys !|fi: iha't' Mr Roosevelt and Mr Cordell Hull, Secretary of State, are in daiigeV of distinct embarrassment from the development of a new opposition. American manufacturing interests are against the concessions on English manufactured goods' which may he necessary under tne treaty. American production costs have recently risen enormously because of rises in wages and other labour concessions. Pressure has. already been brought to bear on the Senate against approving tariff reductions. There is a -strong feeling that a trade treaty between Britain and America would be an immeasurable force for world stabilisation and an assurance of peace,' but the'prossure of immediate economic necessitj' may vitiate these aspirations.