WORLD TROUBLES

Inangahua Times, 22 April 1932, Page 3

WORLD TROUBLES

WAR DEBTS AND REPARATIONS. MB CHURCHILL'S SUGGESTIONS. TO BAISE PRICE LEVELS. (United Press Assn—By Electric j Telegraph—Copyright.) LONDON, April 21. In the Commons, Mr Churchill, in the Budget dehate, said tariffs alone would not solve the world’s awful economic depression. It was not disputed- that the chief cause of the troubles was the attempt to pay war debts and reparations over tariff barriers, while supplies of gold were inadequate. Was the whole progress of the human race to be arbitrarily barred by.a gold shortage? He suggested close, effective Anglo-Unite* States comradeship. If these two creditor nations, by agreed purpose, | decided to deflate and revaluate commodities to the level of 1928, it would give the world’s primary producers reasonable rewards and enable them again to buy manufactures. If the English speaking peoples agreed upon such a policy, Prance, despite her hoards of gold, would have tc ask admission to our councils nexl morning. These three Powers, together, coul< give a primary lead which would saw the world from degenerate chaos. Neville Chamberlain wound up th debate by saying the cause of man; of the world’s troubles was the cal: mitous fall in the world prices. The Budget resolutions were agree to.