World Parley Urged to Scan Trade Issues

Manawatu Times, Volume LV, Issue 6748, 5 January 1932, Page 9

World Parley Urged to Scan Trade Issues

CARNEGIE ENDOWMENT GETS REPORT OP STUDIES IN EUROPE The call for a conference of the leading economists of all nations to examine proposals for international economic readjustment and offer a plan for future international co-operation is voiced in a report just made public by the Carnegie Endowment for International Peace, in the United States. It is a composite report made by nine American economists to Dr. Nicholas Murray Butler, president of the endowment, as a result of a study made last summer in Europe. They were divided into throe groups, one visiting the British Isles, on Central Europe and the third South-eastern Europe. _ After a review of the English economic situation, Dr. Adams, in his report, expressed the opinion that, tho politicians who control tho countries of Europe would not permit a solution of economic difficulties on a purely business basis. "Under these circumstances," he said, "I believe an. international economic conference on a purely unofficial basis would be an advantage in putting world economic problems before tho public on a purely business basis. This conference should bo sponsored by such organisations as the Carnegie Endowment for International Peace. The representatives to tho conference should consist of tho outstanding economists from each of tho participating countries. This conference should study and report on reparations, inter-Allicd indebtedness, armaments and governmental budget problems. It should study the international trade, tariff and international banking problems.” Dr. Willey, also reporting upon England,' declared that their talks with informed persons indicated that tho period of individualism in economic activity, with free competition of industrialists for markets at home or abroad, is no longer possible. “Rather, production must be organised and controlled, perhaps by industries themselves, perhaps by the S'rate,” he said. Dr. Miller held that the rc-establish-ment of economic stability in Europe hinged on the modification of certain major and minor provisions of the Treaty of Versailles. "Tho distressed economic position of tho people will make for financially weak governments, and this, in turn, for the danger of government collapse except as supporting loans aro forthcoming,” he said.