PREMIER AND PRESIDENT

Northern Advocate, 22 April 1933, Page 7

PREMIER AND PRESIDENT

AMERICA’S PROGRAMME

..FOREIGN AFFAIRS ISSUE. - .. INTERESTING FORECAST. .United Press Association —By Electrta; Telegraph.—Copyrights (Received .12.30 p.m.) WASHINGTON r 'Apr.il 21, Tin* position of the -United Strifes on most of the outstanding subjects to be taken np by President Roosevelt and Mr MacDonald was outlined"-inAweß-' informed .circles as follows: ' ', ’( i Wav Debts.—The - Administration. |s S ‘ definitely committed against cancellation by the Democratic .plat Conn, hut is. rr . not committed against postponement or reduction, though sueli action Avill require -Congressional approval. The » Administration has drawn a distinction between nations which met thoif pay-' meats, such as Britainj and those which'. ', did not, notably France, It regards the debts as only one factor in the : * world economic position.

Currency. —Stabilisation internationally is regarded as fundamental to the revival of world trade; The United States is ready to join in efforts to establish a revised international stan; dard to which national curreucigs.-will be attached at new parities.-- ' •--

Tariffs. —The new Administration is willing to reduce tariffs on .condition .V that, other nations do likewise, ours the policy of tariff bargafning.by; ■?. mutually advantageous and reeipromal -■ agreements. Wheat. —Agreement will be sought:' among other leading wheat-producing- :- nations to cut the'- ’proditetironrtoifit" world consumption, and avoid fieayy-. - j surpluses, which have beaten down the price.

Silver.— willing to discuss means of-improving the price by international agreement, and would consider bimetallism if alienations would adopt it. ' ' ' Disarmament.—-Heavy expenditures on armies, navies and air forces are regarded as a drag upon the world in' its efforts to recover economic equilibrium. Any reasonable movements for. reducing armaments, of abolishing those designed particularly for aggression, will be joined;

World Peace.—The-Administration is - committed by .the- Democrat platform to now provisions for the Pact of Paris to provide for .consultation .among the; signatories in the event of a ; threatened breach of the pledge against the use. of , force in. settling international disputes. It is carefully watching pijblic opinion r on this point, however, before agreeing to such a consultative proposal as that,,;; proposed by Air MacDonald at the Gen;, eya Arms Conference. .