BARTER AGREEMENT WITH GERMANY

Nelson Evening Mail, Volume LXXIII, 14 June 1939, Page 7

BARTER AGREEMENT WITH GERMANY

DANGER STRESSED BV MR rOIDELI. HIT.!. WARNING TO SMALL NATIONS II F A —Hv Elect nr Telegraph—Copyright - ) WASHINGTON. 12th June. The Secretary of State. Mr Cordell Hull, in a statement commemorating the fifth anniversary of the American trade agreements programme, warned nations seeking self-sufficiency that they were heading toward self-destruc-lion. He hinted indirectly, without mentioning names, that small countries concluding barter agreements with Germany face a danger of becoming political vassals of that nation, and he intimated that closed economies would I mean an increase in armament and human and economic regimentation. Mr Hull stressed that the trade agreements programme had contributed in a large measure to the recovery of America’s foreign trade, and had won the support of those countries which to-day transact the bulk of the world's commerce. He concluded with what is considered to be an invitation to both Germany and Italy to join the programme. "Our hope and our standing invitation is that in the coming years the programme may be joined by all. By its very essence it is open equally and impartially to each and every nation without exception.” he said.