AMERICA TO-DAY

Nelson Evening Mail, Volume LXVI, 20 June 1932, Page 5

AMERICA TO-DAY

COMMENT ON CONDITIONS

POLITICS AND TRADE

(By Telegraph—Press Association)

AUCKLAND, This Day. The United States representative of the New Zealand Meat Board, Mr Alfred H. Benjamin, who arrived by ite Monterey, expressed the opinion that the American people were not ready for the cancellation of war debts. He Said that a ten years’ mortorium was being advocated by the Democratic Party, which hoped to make a clean sweep at the elections in, November. If America was to remain on the gold standard, she must let down her tariff walls. The HawleySmoot tariff had been disastrous, and already it was predicted that Senator Smoot would lose his seat. There could be no imports of meat until the tariff was amended and even after amendment the success of New Zealand meat depended on it being under the control of the Meat Board. Dumping such as had occurred, must not be permitted. He expressed the opinion that there would be no increase in wool values until European conditions were settled. In America only 15 per cent, of the factories were wprking, and they had 100,000,000 pounds of raw wool on hand, and the new clip was 375,000,000.

Finally, lie expressed the opinion that Ottawa could not be a success without America being in the picture. Britain and America were the only two nations keeping the world from disruption and collapse, and there must be an understanding between them to restore confidence in the world.