CURRENCY AGREEMENT.
DESIRED BY AMERICA
NEW YORK, May 25
The New York Times’s Washington correspondent says the Administration would welcome an early international agreement on currency stabilisation. It was learned .to-day from an authoritative source that the well-known views of Mr Cordell Hull (Secretary of State) on the improvement of international trade through reciprocal treaties and combined currency stabilisation are now held in more respect than they were in the summer of 1933, when the London Economic Conference failed._ It is understood that the Administration has made overtures to several nations regarding international stabilisation to which it has received an “encouraging reaction.” If a conference could' bo called it is believed that President Roosevelt would favour a meeting of representatives, limited in number, of the important commercial nations, feeling that one of the serious defects of the London gathering was its bulkiness.
For a long time some within the Administration have hoped that London would again take the lead in world co-operation, hut now it has been decided that it is up to America to make the first move.
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Bibliographic details
Manawatu Standard, Volume LV, Issue 151, 27 May 1935, Page 7
Word Count
179CURRENCY AGREEMENT. Manawatu Standard, Volume LV, Issue 151, 27 May 1935, Page 7
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