ANGLO-AMERICAN TRADE

Otago Daily Times, Issue 23413, 31 January 1938, Page 10

ANGLO-AMERICAN TRADE

IMPORTANCE OF NEGOTIATIONS

POLITICAL SUSPICIONS UNFOUNDED (United Press Association) (By Electric Telegraph—Copyright) LONDON, Jan. 28. (Received Jan. 29, at 5 p.m.) The Chancellor of the Exchequer (Sir John Simon), speaking at the Leeds Chamber of Commerce dinner, stated that the difficulties of trade negotiations with the United States were very great, but he hoped there would emerge an agreement of outstanding importance to the economy of the two countries and the Empire, and also of great importance as an example of what could be done by co-operation and goodwill to break down the barriers between the countries and start trade flowing more freely. Sir John added that there had been suspicion in some quarters that the political value attached to any friendly intercourse between England and America might lead Britain to make a trade agreement to the detriment of British trade, “ There is no foundation for any such suspicion,” he concluded. CANADIAN TREATY AFFECTED NEGOTIATIONS FOR NEW PACT WASHINGTON, Jan. 29. (Received Jan. 30, at 10 p.m.) Mr Cordell Hull formally announced that negotiations were being undertaken for a new reciprocal trade treaty with Canada, replacing the existing one. The change is necessitated by the negotiations between England and America. The hearings between the interested persons will be commenced on April 4. J The New York Times states that American and Canadian trade experts have been so pleased with the operation of the first treaty between America and' Canada that there is a tendency to enlarge its scope.