THE WORLD CONFERENCE

Otago Daily Times, Issue 21948, 9 May 1933, Page 7

THE WORLD CONFERENCE

FOUR MAIN OBJECTIVES PRESIDENT ROOSEVELT'S VIEWS (United Press Association.) (By Electric Telegraph—Copyright.) WASHINGTON, May 7. (Received May 8, at 8.30 p.m.) President Roosevelt to-night outlined his ideas for partnership between the Government and the agricultural industry and transportation. He said that measures would soon be proposed to give industrial workers " a more fair wage return and prevent cut-throat competition and unduly long hours for labour, and at the same time encourage each industry and prevent overproduction." On the subject of inflation he said that the Powers about to be given to him by Congress would be used if it was necessary to accomplish the purpose of improved prices, credit and wages. He stated that the conversations with the envoys of other countries had brought unity of action for progress on disarmament and economic stabilisation. " The international conference that lies before us must succeed. The future of the world demands it, and we have each of us pledged ourselves to the best joint efforts to this end." Mr Roosevelt outlined four'objectives in the international negotiations, as follows: — (1) A general reduction of armaments. (2) The cutting down of trade barriers. (3) The getting up of stabilisation of currencies. (4) The re-establishment of friendly relations and greater confidence between all nations.