RECOVERY PLAN

Nelson Evening Mail, Volume LXVI, 22 December 1933, Page 5

RECOVERY PLAN

REPUBLICANS DIVIDED ADVICE OF HOOVER 'United -Preas Association—By Electric Telegraph—Copyright) WASHINGTON, 20th December. At a luncheon to-day of prominent Republican leaders, several of whom recently visited Mr Hoover, it was learned that the ex-Prcsident counselled Republican congressmen to refrain from attacking the administration policies until “errors in the economic programme” have accumulated. Republicans admit that so far they are divided on the positive monetary policy and other issues. CHEESE AND BUTTER EFFORTS TO STABILISE WASHINGTON, 20th December. A story of deflated rather than inflated prices through the operations of the agricultural administration was told to Mr Wallace to day by representatives of cheese "and butter industries. They complained bitterly that he had failed to support the market as promised through Government purchases of cheese and butter. Mr Wallace issued a sharp answer, indicating that the Government felt the industry had done little to regulate overproduction and could not stabilise profits indefinitely through Government buying. MONETARY POLICIES NO DICTATION TO CONTROL NEW YORK, 20th December. Speaker Rainey, of the House of Representatives, at the Economic Club dinner to-night devoted much of his speech to an attack on Mr Sprague. He intimated that he had handled Britain’s dropping of gold, and was now trying to prevent America following a policy which had proved beneficial ‘o Britain.

Vile administration does not propose any longer to surrender :ts monetary politics to the dictation and control of the Bank of England.” RENEWAL OF BLANKET CODE “FAIR COMPETITION” AGREEMENTS (Received 22nd December, 8.40 a-.m.) WASHINGTON, 21st December. President Rooevelt to-day announced the renewal of the blanket code for four months after Ist January. Ho stated that “fair competition” agreements now covered 70 per cent, of all employees, to which they were applicable, and lie hopes the remainder will be covered by Ist May.