Show I I Agreement on Exp Exports orts By Indian Government Producers Suggested It E Experts Work Out Scheme to Aid White Metal Price f for World C. C of C. C FOUR PROPOSALS MADE MADE MADEI I Favorable International International Action Ac Ac- ACtion Action tion Expected 8 Br fly Associated PUll Peru SPOKANE Wash STash Dec 5 Strawn president of the U United States chamber hamber of commerce announced announced an today plans for an aD export sales salis agreement ement between tweeD American silYe silver sil aU sil- sil Ye vcr ver producers and the government of India India to increase the price of r. r I Strawn told the western division I conven convention on of the United States Cof C. C of C. C that the plans were worked out by the experts committee of the International In chamber cf of commerce and will be submitted in the International lional chamber council when it meets March 1 in Paris PaIris I He intimated he expected favorable action on the program m at Parts Paris with agreement by American silver men and the government of India also Strawn is chairman of the Ameri American I can committee of the International chamber H He said sald the c committee r ts Involved would prefer to treat silver sUver as is' subsidiary in ina a general scheme for tor economic re h and planned accordingly RECOMMEND PACT VACTi The The committee recommendations e he said included l 1 American producers and ref refiners renn Iners In- In ers of silver enter a sales sates agreement with the government of India Of course ourse on acco account t of ot the inhibitions I lons of ot the antitrust st laws such an agree agreement agreement agreement agree agree- ment could only be made with respect to export law laws Other producers of any substantial quantity should naturally naturally nat nat- be welcomed into the tile agree agree- mento Importance of ot bringing bring bring- ing the Bank of Spain and kindred institutions into these deliberations should not be bel lost st sight of 2 2 That if it be true that a. a a scarcity scarcity scare ity of gold is expected it would not be impossible to alleviate the scarcity to a certain extent by the use of sliver silver That if any government found it impossible to secure a sufficient supply of gold I It might the purchase of an amount of ot silver against which ch notes of ot low denomination tion lion covered by sliver silver to almost the lull full value of the gold coin com which it substitutes would be issued these notes notes' would circulate concurrently with the pap paper r currency which is partly covered by sold gold CONSIDERS PROPOSAL 3 3 The committee also considered the feasibility of the International chamber using its Us Its g good od offices to urge governments to restore their subsidiary coinages to prewar fineness fineness fine- fine ness ness with the limits of their national In laws aws ws 4 The committee recommended those interested in the sale of ot silver sUver might with advantage emulate the ex ex- emple set in mother other industries by the establishment of research institutes for tor the purpose of devising new uses use uses uses' and expanding present uses of the product |