OUTLOOK IN EUROPE

Manawatu Standard, Volume XLIX, Issue 242, 11 September 1929, Page 2

OUTLOOK IN EUROPE

ECONOMIC ASPECTS. BRITISH MINISTER AT GENEVA. (United Tress Association.—By Electric Telegraph.—Copyright.) (Australian Press Association.) Received Septeriiber 10, 1 p.m. GENEVA, Sept. 9. Rt. Hon. W. Graham, President of the Board of Trade, entirely changed the character of the general debate in the League Assembly this afternoon, devoting himself to the economic, instead of the political, aspects of Europe. Air Graham emphasised that economic frictions were the most fruitful field in the production of disputes likely to lead to war. The crux of Air Graham’s recommendation was that a definite step should be taken at that Assembly to show that they mean:, business in the direction of a reduction of tariff barriers. As the first- practical step, Air Graham suggested an immediate agreement that nobody would in any way increase the existing tariff for two years, during which time they should hold another World Economic Conference so as to ascertain how the tariff barriers could be definitely reduced Mr Graham subsequently stated that, in the event of a world movement for a reduction, he hoped the Dominions would come into line. He pointed out that they would be separate as negotiators.