TARIFF PROBLEM

Southland Times, Issue 22013, 12 May 1933, Page 7

TARIFF PROBLEM

SUGGESTED WORLD TRUCE. FEELING IN AMERICA. (United Press Assn.—Telegraph Copyright.) Washington, May 10. President Roosevelt definitely indicated to-day that in view of the world tariff truce he does not think the United States should impose any import taxes on agricultural products as provided under the new Farm Bill during the period of the truce. The Farm Bill has been sent to the President, the Senate having agreed to delete the Norris-Simpson cost of production amendment to which the Administration objected and which the House insisted upon being removed. In the House of Representatives Mr Britten, stating that several members had in their pockets a tentative draft message from Mr Roosevelt asking that the American delegates to the World Conference be given authority to agree to raise or lower tariff rates, said: “If that proposal is being seriously made—and it is—the country ought to know something about it.” BRITISH FORMULA ENDORSEMENT BY AMERICA. (British Official Wireless). Rugby, May 10. Notification of the United States Government’s endorsement of the British formula for a tariff truce has been received. The formula, which will be submitted for the approval of the organizing committee of the World Economic Conference, is the outcome of conversations in London between the British Ministers and Mr Norman Davis. Mr MacDonald, in the House of Commons, gave an assurance of the Government’s intention to endeavour to secure at the World Economic Conference a general reduction in the tariffs.