THE LIMA CONFERENCE

Otago Daily Times, Issue 23690, 23 December 1938, Page 9

THE LIMA CONFERENCE

IMPORTANT RESOLUTION LIBERAL TRADE POLICY LIMA, Dec. 21. ' The chief evept of the first week of the Pan-American Congress was the unanimous adoption of a resolution accepting a liberal trade policy, including reasonable tariffs. In view of the fact that Brazil and Chile have been arranging barter pacts with Germany, the resolution is regarded as an important recognition that the Anglo-American trade agreement offers other methods of trade balancing. The Argentine delegation is drafting a proposed declaration aiming at consolidation of peace machinery in America, which at present consists of 10 treaties binding 21 republics. The United States circulated a draft asserting that the 21 republics should reaffirm their solidarity against any foreign threat to American safety and peace, the Argentine delegation opposing this as being too binding. PEACE DECLARATION A COMPROMISE REACHED LIMA, Dec. 21. A compromise is reported to have been reached between the United States delegation and Argentina enabling the peace declaration to secure the unanimous approval of the 2i States It is understood that the final draft provides for consultation among all the States with a view to resistance when any republic is threatened with aggression from without the American continent’s defences, owing to Argentina’s wish not to offend European customers. Nevertheless the delegates believe that the warning to certain countries in Europe is unmistakable.