WORLD CONFERENCE MUST SUCCEED

Stratford Evening Post, Volume II, Issue 238, 9 May 1933, Page 5

WORLD CONFERENCE MUST SUCCEED

ROOSEVELT'S DECLARATION , „ FOUR GREAT OBJECTIVES INDUSTRIAL IMPROVEMENT Washington, May 7. Mr. Roobovtlt tonignt outlined his ideas for a partnership between the Government, agricultural industry and transportation. He said that measures would soon be proposed to give industrial workers "a more fair wage return, prevent cut-throat competition, and unduly long hours for labour, and at the same time encourage each industry to prevent over-produc-tion." On the subject of inflation, he said the powers about to be given him by Congress would be used when and as it might be necessary to accomplish the purpose of improved prices, credit and wages. Mr. Roosevelt said that his 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," he added. "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:— (1) A general redu«tion of armaments. (2) The cutting down of trade barriers. (3) The setting up of a scheme for the stabilisation of currencies. (4) The re-estahlishment of '■ friendly relations and greater confidence between all the nations.