LEAGUE IN ECONOMICS

Taranaki Daily News, 24 September 1928, Page 9

LEAGUE IN ECONOMICS

WORLD OPINION FAVOURS ACTION. By Telegraph—Press Assn. —Copyright. Geneva, Sept. 21. M. Loucheur (France), submitting to the Assembly of the League of Nations the report on economic organisations, declared that there was evidence of a powerful current of public opinion calling for action by the League in the economic sphere. The economic conference in 1927 marked an epoch. Replies from countries all over the world showed that everywhere it roused the greatest interest. The organisation would continue to develop on the lines then laid down. The convention designed to enable traders to arbitrate disputes in other countries had been signed by 11 States. A skeleton uniform tariff nomenclature, applicable to all countries, had been prepared, and he hoped it would be adopted throughout the world. He moved a series of resolutions, which were adopted. The chief of them requested the economic committee to pursue its work with a view to framing an economic doctrine and preparing collective agreements to facilitate bringing about a milder customs regime on the movement of certain products of special importance, or lending themselves particularly to this treatment.