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Show BILL FOR TRADE 1 BOARDJENTERED WASHINGTON, Feb. 1 (UP) Senator Arthur H. Vandenberg (R, Mich.) Introduced In the senate today Mil to create foreign trade board that would kill the new deal's trad agreements program. pro-gram. "My proposed board to handle commercial and financial relatione with foreign countries," Vandenberg Vanden-berg (aid, "suggests an aniwer to those who Insist that there la no middle ground between 'conrrss akmal log-rolling and th reciprocal recipro-cal trad agreements program." Vandenberg' bill would abolish tha United State tariff commission commis-sion and set up a new, six-member foreign trade board to: 1. Keep tariff In constant adjustment ad-justment to competitive costs of production. 2. Possess power to enrourag and finance exports and Import "through barter agreements and Otherwise." 3. Rata and lower tariff. 4. Take "direct action against blocked exchange." $ 6. Coordinate foreign trad and financial statistics. 6. Recommend to tha president Imposition of Import duties and other restrictions against cheap foreign agricultural products which ell at leas than parity prices (those prevailing from August, 1909, to July, 1914) or below American cost of production. Th chairman of tha proposed board would receive a salary of 12,000; the other fiv member 110,000 each. Vandenberg aaid that tha board would baj subjected only to the . general direction of the president and eongreae, and not subordinated subordinat-ed to the stale department, "which specialize In political and diplomatic diplo-matic contacts and 1 not equipped to handle domestic commercial and financial problems." Republican leaders Immediately predicted that they might make Vandenberg s proposal the keystone key-stone of their opposition to th proposed renewal of tha administration' adminis-tration' reciprocal trad agreements agree-ments program. |