TARIFF TRUCE

Stratford Evening Post, Volume II, Issue 241, 12 May 1933, Page 3

TARIFF TRUCE

BRITISH FORMULA U.S.A. ENDORSEMENT British Wireless. Rugby, May 10. Notifications of the United States Government's endorsement of the British formula for a tariff truce has been reI ceived. I The formula, which will be submitted 1 for the approval of the organising comt mittee of the World Economic Conferr ence, is the outcome of conversations in | London between the British Ministers I and Mr. Norman Davis, American repreI sentative. S Mr. Ramsay MacDonald in the House of ' Commons gave an assurance of the Government's intention to endeavour to sell cure at the conference a general reducI tion of tariffs. e| A Washington message stales that in | the House of Representatives Mr. F. A. | Britten, stating that several members i had in their pockets the tentative draft I of a message from President Roosevelt f asking that the American delegates to the | conference be given authority to agree •i to raise or lower the tariff rates, said f that if that proposal was being seriously ' made, and it was, the country ought to I know something about it. President Roosevelt definitely indicated to-day that in view of the world tariff truce he does not think the United States should impose 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 Senator Norris Simpson's cost of production amendment, to which the administration objected and which the House insisted upon being removed.