International Trade Organisation Plans
Received Friday, 8.10 p.m. WASHINGTON, Nov. 8. The international trade organisation proposed by the United States and accepted in principle by Britain would be authorised to investigate all private cartels or agreements restricting international trade, says the New York Times’ correspondent. Furthermore, members of the organisation would cooperate to curb private price-fixing, the regulation of exports, division of markets and limiting of production. The proposed organisation would operate under the direction of the United Nations Economic and Social Council. It would police private companies whose cartel policies were hampering the declared objectives of the organisation, hut it is not clear what authority the organisation would have to enforce its recommendations. United States officials are confident that the organisation would help to minimise the worst restrictions on world trade. They pointed out, however, that the British acceptance of the organisation was dependent on their receiving a 4,000,000,000-dollar loan.
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Manawatu Times, Volume 70, Issue 266, 10 November 1945, Page 7
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151International Trade Organisation Plans Manawatu Times, Volume 70, Issue 266, 10 November 1945, Page 7
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