LIFTING OF BARRIERS

Poverty Bay Herald, Volume LXIII, Issue 19139, 7 October 1936, Page 6

LIFTING OF BARRIERS

INTERNATIONAL TRADE DESIRE OF THE LEAGUE CALL TO ALL STATES (British Official Wireless.) nerd. 1 p.ni. RUGBY, Get. 6. The economic and financial commission of the I.cache Asst'mlily continued its dehate at Geneva to-day on the report of the League’s economic, commitl.ee. The Belgian delegate declared that Belgium would support any attempt to organise an expansion of world trade by tin' concerted action, of all Governments.

Mr. S. M. Bruce, Australia, said the present dehalt' was perhaps the most important ever held under the auspices of the League. Economic questions were often more significant than political ones. If a serious effort were made to re-establish general prosperity rapidly, the danger ol war would be avoided. A draft resolution has been tabled following the speech of Sir. \\. f>. Morrison. It reads: “The assembly, noting with satisfaction the joint declaration of I lie Governments of franco, the United States ol America, and the United Kingdom of Great Britain on September 2b, and the adhesion, thereto immediately given by several States, and recognising that the declaration harmonises with the recommendations made hy the Economic Committee of the League in ils recent report on the present phase of international economic relations and considering the policy is designed lo re-establish a durable equilibrium between the economies of the various* countries 4a liqv more, solid foundations for stability in economic relation! and to promote international' trade which would effectively contribute to the consolidation of peace, the restoration of international order, the growth of world prosperity and an improvement in the standard of living of the world’s peoples, affirms the general desire of the .States members of the League to pursue the realisation of these objects. and invites all .Slates, whether members of the League or not, to cooperate fully to that end.” The League urgently recommends tile States, as an essential condition of final success, to organise without delay determinate and continuous action to ensure the application of the policy indicated lo reduce excessive obstacles to international trade miff communications, anff in particular to relax, and ns soon as possible to abolish, the present system of quotas and’ exchange control.