AMERICAN EXPERIMENT

Taranaki Daily News, 16 August 1933, Page 7

AMERICAN EXPERIMENT

NATIONAL RECOVERY PLAN

MR. FORBES INVESTIGATES

NATIONS’ PROBLEMS DIFFER

DOMINION NEED EXTERNAL

By Telegraph—Press Assn.—Copyright. Rec. 10 p.m. > New York, Aug. 14. The Rt. Hon. G. W. Forbes, interviewed by the Australian and New Zealand Press Association, said the primary purpose of his visit to America was to study the national recovery plan administration, since the working out of the American plan would also affect the rest of the world. He had had an opportunity of examining the application of the So-called planned economy directly at the source, particularly in the financial and industrial areas of which New York was the centre.

Mr. Forbes to-day is proceeding to Washington to discuss with President Roosevelt, who will entertain Mr. Forbes at a White House luncheon, some of the larger aspects of the Government’s recovery programme.

Mr. Forbes, while convinced that all concerned in the administration of the plan are inspired by a genuine conviction of the necessity and ultimate success of the scheme, is personally reluctant to express any opinion regarding the eventual outcome. The immensity of the problem the President was attempting to solve became apparent, he said, when one examined the technical, and economic considerations alongside the human material with which he had to work—the variety of nationalities making up the 120,000,000 people to be welded under the plan.

Asked if New Zealand could find anything in the plan applicable to the Dominion, Mr. Forbes said he intended to look into various aspects such as the farm recovery administration, with particular application. to wool and meat, but that whereas America’s problem was one of internal recovery New Zealand was compelled always to cut its economic garment according to the cloth of the foreign markets. Doubtless, however, international lessons would arise from the ultimate working out of the American scheme.