TRADE TREATY

Wanganui Chronicle, Volume 80, Issue 242, 12 October 1937, Page 7

TRADE TREATY

BRITAIN AND AMERICA. HOPE OF CO-OPERATION. LONDON, Sept. 20. Are a few raisins and oranges to stand in the way of a trade understanding between the British Empire and the United States? The question was put to the noted British economist, Sir Josiah Stamp, recently by the United States Secretary of State. Mr. Cordell Hull. Mr. Hull did not mention canned fruits, which, perhaps, are more important. He went on to say that the United States was prepared for a great step forward, but would not make a small one. Like him, other Americans believe that the future of the world depends largely on the result of the proposals for economic co-operation between the Empire and the United States.

There is still hope against hope that the co-operation which may prove allimportant in the critical time ahead may yet be brought about. However there ic little sign of response from Britain and the Empire. It is understood that the United Government was ready to proceed but, after a conference at which the idea was blessed in principle, but postponed in practice, no more has been heard of a reduction of tariff barriers between the Empire and the United States.

The British Government is waiting to hear the results of the thought which was to be given to the American plan by Australia and other Dominions.