REACTION FROM TARIFFS

Taranaki Daily News, 11 July 1929, Page 13

REACTION FROM TARIFFS

GRAVE APPREHENSION FELT INTERNATIONAL COMMERCE CONFERENCE OF CHAMBERS By Telegraph—Press Assn. —Copyright. Received July 10, 11.30 p.m, Amsterdam, July 10. Possibly tho most important part of yesterday’s proceedings at tho congress of international chambers of commerce occurred secretly in tho form of conversations relating to trade barriers and commercial policies. It is known that competent experts are gravely apprehensive of the reaction arising from tariff increases such as that of the United States.

Upon the problem of meeting debt obligations M. Pirelli, the president, was most active, and he succeeded in inducing the members not to raise the issue publicly in the congress. The Financial. News’ special correspondent states that expectations are high that something of great importance may emerge before the congress ends. The congress urged that better industrial statistics should be made available.